Social Learning and the Innkeeper's Challenge

Proceedings of the 2019 ACM Conference on Economics and Computation, pp. 153-170, 2019.

Cited by: 0|Bibtex|Views23|DOI:https://doi.org/10.1145/3328526.3329569
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Other Links: dl.acm.org|dblp.uni-trier.de|academic.microsoft.com

Abstract:

Technological evolution, so central to the progress of humanity in recent decades, is the process of constantly introducing new technologies to replace old ones. A new technology does not necessarily mean a better technology and so should not always be embraced. How can society learn which novelties present actual improvements over the ex...More

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