In interactive situations, agents can “learn” something that is not a preexisting truth. They can converge to an arbitrary convention, or tacit agreement. Once established they may even view it as an objective truth. Here we investigate accommodation dynamics for interpersonal comparisons of utility intervals. We show, for a large class of dynamics, convergence to a convention.
机构:
Univ Argentina Empresa, Buenos Aires, DF, Argentina
Consejo Nacl Invest Cient & Tecn, RA-1033 Buenos Aires, DF, ArgentinaWorld Bank, Washington, DC 20433 USA
Chisari, Omar
Kessides, Ioannis N.
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机构:
World Bank, Washington, DC 20433 USAWorld Bank, Washington, DC 20433 USA