The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation
نویسندگان
چکیده
منابع مشابه
The relative contributions of private information sharing and public information releases to information aggregation
We calculate learning rates when agents are informed through both public and private observation of other agents’ actions. We provide an explicit solution for the evolution of the distribution of posterior beliefs. When the private learning channel is present, we show that convergence of the distribution of beliefs to the perfect-information limit is exponential at a rate equal to the sum of th...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2009
ISSN: 1556-5068
DOI: 10.2139/ssrn.1397693