supported by the National Natural Science Foundation of China under Grant Nos.61074125 and 61104137;the Science Fund for Creative Research Groups of the National Natural Science Foundation of China under Grant No.61221003;the National Key Basic Research Program (973 Program) of China under Grant No.2010CB731403
This paper investigates a non-Bayesian social learning model, in which each individual updates her beliefs based on private signals as well as her neighbors' beliefs. The private signM is involved in the updating pro...