Local Discouragement and Global Collapse: A Theory of Coordination Avalanches
نویسندگان
چکیده
منابع مشابه
Local Discouragement and Global Collapse: A Theory of Coordination Avalanches
We study a dynamic game in which all players initially possess the same information and coordinate on a high level of activity. Eventually, players with a long string of bad experiences become inactive. This prospect can cause a coordination avalanche in which all activity in the population stops. Coordination avalanches are part of Pareto-efficient equilibria; they can occur at any point in th...
متن کاملAverting economic collapse and the solipsism bias
We study the behavior of experimental subjects who have to make a sequence of risky investment decisions in the presence of network externalities. Subjects follow a simple heuristic—investing after positive experiences and reducing their propensity to invest after a failure. This result contrasts with the theoretical findings of Jeitschko and Taylor [Jeitschko, T.D., Taylor, C., 2001. Local dis...
متن کاملFasting and diabetes from a local and global perspective- commentary
Fasting is a common practice among people with diabetes (PWD). As healthcare providers we are in a position to assist those who choose to fast to manage their diabetes effectively. Diabetes self-management education for PWD is needed both prior and during the time of fasting to best metabolic control.
متن کاملGlobal Coordination of Local Linear Models
High dimensional data that lies on or near a low dimensional manifold can be described by a collection of local linear models. Such a description, however, does not provide a global parameterization of the manifold—arguably an important goal of unsupervised learning. In this paper, we show how to learn a collection of local linear models that solves this more difficult problem. Our local linear...
متن کاملDimension Theory Local and Global
These survey lectures are devoted to a new subject of the large scale dimension theory which was initiated by Gromov as a part of asymptotic geometry. We are going to enter the large scale world and consider some new concepts, results and examples which are parallel in many cases to the corresponding elements of the standard (local) dimension theory. We start our presentation with the motivations.
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Economic Review
سال: 2001
ISSN: 0002-8282
DOI: 10.1257/aer.91.1.208