{"bundle_type":"pith_open_graph_bundle","bundle_version":"1.0","pith_number":"pith:2025:MSYJJP7VQVUMLDIYW5ZX3IS6FH","short_pith_number":"pith:MSYJJP7V","canonical_record":{"source":{"id":"2507.11029","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"econ.TH","submitted_at":"2025-07-15T06:49:54Z","cross_cats_sorted":[],"title_canon_sha256":"2482e37e37401a1298975aacfa45efc3b3f766adb444c267606f5333b4bb9ac5","abstract_canon_sha256":"611b7eb243750079d4fb99faf7b4647d754a0abf3ea3d7892748e9e57002707f"},"schema_version":"1.0"},"canonical_sha256":"64b094bff58568c58d18b7737da25e29ffb8e8becf35aa56252a37866cba7569","source":{"kind":"arxiv","id":"2507.11029","version":1},"source_aliases":[{"alias_kind":"arxiv","alias_value":"2507.11029","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"arxiv_version","alias_value":"2507.11029v1","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.2507.11029","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"pith_short_12","alias_value":"MSYJJP7VQVUM","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"pith_short_16","alias_value":"MSYJJP7VQVUMLDIY","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"pith_short_8","alias_value":"MSYJJP7V","created_at":"2026-07-05T11:37:30Z"}],"events":[{"event_type":"record_created","subject_pith_number":"pith:2025:MSYJJP7VQVUMLDIYW5ZX3IS6FH","target":"record","payload":{"canonical_record":{"source":{"id":"2507.11029","kind":"arxiv","version":1},"metadata":{"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"econ.TH","submitted_at":"2025-07-15T06:49:54Z","cross_cats_sorted":[],"title_canon_sha256":"2482e37e37401a1298975aacfa45efc3b3f766adb444c267606f5333b4bb9ac5","abstract_canon_sha256":"611b7eb243750079d4fb99faf7b4647d754a0abf3ea3d7892748e9e57002707f"},"schema_version":"1.0"},"canonical_sha256":"64b094bff58568c58d18b7737da25e29ffb8e8becf35aa56252a37866cba7569","receipt":{"kind":"pith_receipt","key_id":"pith-v1-2026-05","algorithm":"ed25519","signed_at":"2026-07-05T11:37:30.521000Z","signature_b64":"wPWD68cr4aAZGORfMWJAg6IAIgzGDLcg+yqVIIt0W/gqDcA1ISzk8dIOckKbPx9rWKLR/tSY60RIzNgXxPcVCg==","signed_message":"canonical_sha256_bytes","builder_version":"pith-number-builder-2026-05-17-v1","receipt_version":"0.3","canonical_sha256":"64b094bff58568c58d18b7737da25e29ffb8e8becf35aa56252a37866cba7569","last_reissued_at":"2026-07-05T11:37:30.520457Z","signature_status":"signed_v1","first_computed_at":"2026-07-05T11:37:30.520457Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"source_kind":"arxiv","source_id":"2507.11029","source_version":1,"attestation_state":"computed"},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-07-05T11:37:30Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"M/MlIJCDCfxXq1kv2gYp2+88YdDcM16R9N3dax32Q1c/H8puuK1l+6nbPewiXHROdf/P4ZeaAcqwZ6VaJtZxAA==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-08-09T15:39:19.282804Z"},"content_sha256":"dcbb47fdf8bc5dac19f3d96423b685dd4164dfe75aba9208cb0559e48a89f16c","schema_version":"1.0","event_id":"sha256:dcbb47fdf8bc5dac19f3d96423b685dd4164dfe75aba9208cb0559e48a89f16c"},{"event_type":"graph_snapshot","subject_pith_number":"pith:2025:MSYJJP7VQVUMLDIYW5ZX3IS6FH","target":"graph","payload":{"graph_snapshot":{"paper":{"title":"Value of History in Social Learning: Applications to Markets for History","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"econ.TH","authors_text":"Hiroto Sato, Konan Shimizu","submitted_at":"2025-07-15T06:49:54Z","abstract_excerpt":"In social learning environments, agents acquire information from both private signals and the observed actions of predecessors, referred to as history. We define the value of history as the gain in expected payoff from accessing both the private signal and history, compared to relying on the signal alone. We first characterize the information structures that maximize this value, showing that it is highest under a mixture of full information and no information. We then apply these insights to a model of markets for history, where a monopolistic data seller collects and sells access to history. "},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"2507.11029","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"integrity":{"clean":true,"summary":{"advisory":0,"critical":0,"by_detector":{},"informational":0},"endpoint":"/pith/2507.11029/integrity.json","findings":[],"available":true,"detectors_run":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938"},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"},"verdict_id":null},"signer":{"signer_id":"pith.science","signer_type":"pith_registry","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54"},"created_at":"2026-07-05T11:37:30Z","supersedes":[],"prev_event":null,"signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"pehesdQPOtCyGNGu4v03TYlcvifoSroXa9mvUS4a/KUuDGOEZtoQfw2hup1wqaJIIee0CQ5h00kn/AqXqONWCw==","signed_message":"open_graph_event_sha256_bytes","signed_at":"2026-08-09T15:39:19.283402Z"},"content_sha256":"a723925e7f6da66ab9ca9578932d7f918aac0e7c18e260b918c53de6db3d303d","schema_version":"1.0","event_id":"sha256:a723925e7f6da66ab9ca9578932d7f918aac0e7c18e260b918c53de6db3d303d"}],"timestamp_proofs":[],"mirror_hints":[{"mirror_type":"https","name":"Pith Resolver","base_url":"https://pith.science","bundle_url":"https://pith.science/pith/MSYJJP7VQVUMLDIYW5ZX3IS6FH/bundle.json","state_url":"https://pith.science/pith/MSYJJP7VQVUMLDIYW5ZX3IS6FH/state.json","well_known_bundle_url":"https://pith.science/.well-known/pith/MSYJJP7VQVUMLDIYW5ZX3IS6FH/bundle.json","status":"primary"}],"public_keys":[{"key_id":"pith-v1-2026-05","algorithm":"ed25519","format":"raw","public_key_b64":"stVStoiQhXFxp4s2pdzPNoqVNBMojDU/fJ2db5S3CbM=","public_key_hex":"b2d552b68890857171a78b36a5dccf368a953413288c353f7c9d9d6f94b709b3","fingerprint_sha256_b32_first128bits":"RVFV5Z2OI2J3ZUO7ERDEBCYNKS","fingerprint_sha256_hex":"8d4b5ee74e4693bcd1df2446408b0d54","rotates_at":null,"url":"https://pith.science/pith-signing-key.json","notes":"Pith uses this Ed25519 key to sign canonical record SHA-256 digests. Verify with: ed25519_verify(public_key, message=canonical_sha256_bytes, signature=base64decode(signature_b64))."}],"merge_version":"pith-open-graph-merge-v1","built_at":"2026-08-09T15:39:19Z","links":{"resolver":"https://pith.science/pith/MSYJJP7VQVUMLDIYW5ZX3IS6FH","bundle":"https://pith.science/pith/MSYJJP7VQVUMLDIYW5ZX3IS6FH/bundle.json","state":"https://pith.science/pith/MSYJJP7VQVUMLDIYW5ZX3IS6FH/state.json","well_known_bundle":"https://pith.science/.well-known/pith/MSYJJP7VQVUMLDIYW5ZX3IS6FH/bundle.json"},"state":{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2025:MSYJJP7VQVUMLDIYW5ZX3IS6FH","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"611b7eb243750079d4fb99faf7b4647d754a0abf3ea3d7892748e9e57002707f","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"econ.TH","submitted_at":"2025-07-15T06:49:54Z","title_canon_sha256":"2482e37e37401a1298975aacfa45efc3b3f766adb444c267606f5333b4bb9ac5"},"schema_version":"1.0","source":{"id":"2507.11029","kind":"arxiv","version":1}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"2507.11029","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"arxiv_version","alias_value":"2507.11029v1","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.2507.11029","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"pith_short_12","alias_value":"MSYJJP7VQVUM","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"pith_short_16","alias_value":"MSYJJP7VQVUMLDIY","created_at":"2026-07-05T11:37:30Z"},{"alias_kind":"pith_short_8","alias_value":"MSYJJP7V","created_at":"2026-07-05T11:37:30Z"}],"graph_snapshots":[{"event_id":"sha256:a723925e7f6da66ab9ca9578932d7f918aac0e7c18e260b918c53de6db3d303d","target":"graph","created_at":"2026-07-05T11:37:30Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"integrity":{"available":true,"clean":true,"detectors_run":[],"endpoint":"/pith/2507.11029/integrity.json","findings":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938","summary":{"advisory":0,"by_detector":{},"critical":0,"informational":0}},"paper":{"abstract_excerpt":"In social learning environments, agents acquire information from both private signals and the observed actions of predecessors, referred to as history. We define the value of history as the gain in expected payoff from accessing both the private signal and history, compared to relying on the signal alone. We first characterize the information structures that maximize this value, showing that it is highest under a mixture of full information and no information. We then apply these insights to a model of markets for history, where a monopolistic data seller collects and sells access to history. ","authors_text":"Hiroto Sato, Konan Shimizu","cross_cats":[],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"econ.TH","submitted_at":"2025-07-15T06:49:54Z","title":"Value of History in Social Learning: Applications to Markets for History"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"2507.11029","kind":"arxiv","version":1},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:dcbb47fdf8bc5dac19f3d96423b685dd4164dfe75aba9208cb0559e48a89f16c","target":"record","created_at":"2026-07-05T11:37:30Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"611b7eb243750079d4fb99faf7b4647d754a0abf3ea3d7892748e9e57002707f","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"econ.TH","submitted_at":"2025-07-15T06:49:54Z","title_canon_sha256":"2482e37e37401a1298975aacfa45efc3b3f766adb444c267606f5333b4bb9ac5"},"schema_version":"1.0","source":{"id":"2507.11029","kind":"arxiv","version":1}},"canonical_sha256":"64b094bff58568c58d18b7737da25e29ffb8e8becf35aa56252a37866cba7569","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"64b094bff58568c58d18b7737da25e29ffb8e8becf35aa56252a37866cba7569","first_computed_at":"2026-07-05T11:37:30.520457Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-07-05T11:37:30.520457Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"wPWD68cr4aAZGORfMWJAg6IAIgzGDLcg+yqVIIt0W/gqDcA1ISzk8dIOckKbPx9rWKLR/tSY60RIzNgXxPcVCg==","signature_status":"signed_v1","signed_at":"2026-07-05T11:37:30.521000Z","signed_message":"canonical_sha256_bytes"},"source_id":"2507.11029","source_kind":"arxiv","source_version":1}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:dcbb47fdf8bc5dac19f3d96423b685dd4164dfe75aba9208cb0559e48a89f16c","sha256:a723925e7f6da66ab9ca9578932d7f918aac0e7c18e260b918c53de6db3d303d"],"state_sha256":"396f0cd2b3cac9d85d68d9ab275d021c654ab9ab81d1e41d202a985aeb524a3a"},"bundle_signature":{"signature_status":"signed_v1","algorithm":"ed25519","key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signature_b64":"05O6CvCEqVu6qoWtLb4WlnO2XsNWQZOglHkgA/8t6hXWEcGsmmz0SMEJXlI3P2lhtCEr6dNgTg+l1Zwhy8EnDw==","signed_message":"bundle_sha256_bytes","signed_at":"2026-08-09T15:39:19.288300Z","bundle_sha256":"19356606dd362fbe008f0a9f273b5e9e845c95e883016a938a2ac4f977b18a7f"}}