EXPLORING KNOWLEDGE ACQUIRED BY INFORMATION EXCHANGE THROUGH SOCIAL NETWORK IN AGING SOCIETY

Abstract

This paper explores property of knowledge of elderly and young people acquired by information exchange through social network in aging society. This study proposes a model of elderly people who acquire knowledge from their experience and exchanging information with young people. It was found that assumption, which is used in many studies, is not valid in this case and average value of initial beliefs is different from true state. The difference between the average value of initial beliefs and the true state can be adjusted by the information exchange among the number of elderly and young people. This paper assessed the conditions for agents to enable to select the desirable action based on the adjusted beliefs.