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 di...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Elsevier,
2011-07-18T14:25:51Z.
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| Subjects: | |
| Online Access: | Get fulltext |