Limits to rational learning
نویسندگان
چکیده
منابع مشابه
The Limits to Imitation in Rational Observational Learning∗
An extensive literature identifies how rational people who observe the behavior of other privately-informed rational people with similar tastes may come to imitate them. While most of the literature explores when and how such imitation leads to inefficient information aggregation, this paper instead explores the behavior of fully rational observational learners. In virtually any setting, they i...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2015
ISSN: 0022-0531
DOI: 10.1016/j.jet.2015.08.001