文章基本信息

标题：Fragility of asymptotic agreement under Bayesian learning
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作者：Daron Acemoglu ; Daron Acemoglu ; Victor Chernozhukov 等
期刊名称：Theoretical Economics
印刷版ISSN：1555-7561
出版年度：2016
卷号：11
期号：1
页码：187-225
DOI：10.3982/TE436
语种：English
出版社：Econometric Society
摘要：Under the assumption that individuals know the conditional distributions of signals given the payoff‐relevant parameters, existing results conclude that as individuals observe infinitely many signals, their beliefs about the parameters will eventually merge. We first show that these results are fragile when individuals are uncertain about the signal distributions: given any such model, vanishingly small individual uncertainty about the signal distributions can lead to substantial (nonvanishing) differences in asymptotic beliefs. Under a uniform convergence assumption, we then characterize the conditions under which a small amount of uncertainty leads to significant asymptotic disagreement.
关键词：Asymptotic disagreement Bayesian learning merging of opinions C11 C72 D83