We study a model of social learning on rooted regular trees. An agent is stationed at each vertex of
$\mathbb{T}_{m}$, the rooted tree in which each vertex has precisely m children, and at any time step
$t \in \mathbb{N}_{0}$, the agent is allowed to select one of two available technologies: B and R. Let the technology chosen by the agent at vertex v of
$\mathbb{T}_{m}$, at time step t, be
$C_{t}(v)$. We begin with the independent and identically distributed (i.i.d.) collection
$\{C_{0}(v)\,:\, v \in \mathbb{T}_{m}\}$, where
$C_{0}(v)=B$ with probability
$\pi_{0}$. During the epoch t, the agent at vertex v performs an experiment that results in success with probability
$p_{B}$ if
$C_{t}(v)=B$, and with probability
$p_{R}$ if
$C_{t}(v)=R$. If the children of v are denoted
$v_{1}, \ldots, v_{m}$, the agent at v updates their technology to
$C_{t+1}(v)=B$ if the number of successes among all
$v_{i}$ (where
$i \in \{1,2,\ldots,m\}$) with
$C_{t}(v_{i})=B$ exceeds, strictly, the number of successes among all
$v_{j}$ (where
$j \in \{1,2,\ldots,m\}$) with
$C_{t}(v_{j})=R$. If these two numbers are equal then the agent at v sets
$C_{t+1}(v)=B$ with probability
$1/2$. In all other cases,
$C_{t+1}(v)=R$. We show that
$\{C_{t}(v)\,:\, v \in \mathbb{T}_{m}\}$ is i.i.d. as well, with
$C_{t}(v)=B$ with probability
$\pi_{t}$, where the sequence
$\{\pi_{t}\}_{t \in \mathbb{N}_{0}}$ converges to a fixed point
$\pi$, in [0, 1], of a function
$g_{m}$. We show that for
$m \geqslant 3$, there exists a
$p(m) \in (0,1)$ such that
$g_{m}$ has the unique fixed point
$1/2$ when
$p \leqslant p(m)$, and three distinct fixed points, of the form
$\alpha$,
$1/2$, and
$1-\alpha$, for some
$\alpha \in [0,1/2)$ when
$p > p(m)$. When
$m=3$,
$p_{B}=1$, and
$p_{R} \in [0,1)$, we show that the function
$g_{3}$ (i) has a unique fixed point, 1, when
$p_{R} < \sqrt{3}-1$, (ii) has two distinct fixed points, one of which is 1, when
$p_{R} = \sqrt{3}-1$, and (iii) has three distinct fixed points, one of which is 1, when
$p_{R} > \sqrt{3}-1$. When
$g_{m}$ has multiple fixed points, we also specify which of these fixed points
$\pi$ equals, depending on
$\pi_{0}$. Finally, for
$m=2$, we describe the behaviour of
$g_{2}$ for all values of
$p_{B}$ and
$p_{R}$.