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The speed of sequential asymptotic learning.

Journal of Economic Theory, (2018): 383-409

Cited by: 19|Views11
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Abstract

In the classical herding literature, agents receive a private signal regarding a binary state of nature, and sequentially choose an action, after observing the actions of their predecessors. When the informativeness of private signals is unbounded, it is known that agents converge to the correct action and correct belief. We study how qui...More

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Author
Wade Hann-Caruthers
Wade Hann-Caruthers
Vadim V. Martynov
Vadim V. Martynov
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