Convergence to agreement and the role of public information

被引:1
|
作者
Dutta, Jayasri [1 ]
Polemarchakis, Herakles [2 ]
机构
[1] Univ Birmingham, Dept Econ, Birmingham, W Midlands, England
[2] Univ Warwick, Dept Econ, Coventry CV4 7AL, W Midlands, England
关键词
Information; Revision of beliefs; Common knowledge;
D O I
10.1007/s11579-014-0132-2
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
When states of the world are normally distributed, the sequential exchange and revision of beliefs converges to agreement in finitely many rounds of communication. Public information may reduce the information shared by individuals after the revision of beliefs.
引用
收藏
页码:399 / 404
页数:6
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