The speed of sequential asymptotic learning

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

J. Economic Theory, Volume 173, 2018, Pages 383-409.

被引用19|引用|浏览7|来源
EI

摘要

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...更多

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