investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite …;approximate certaintyquot;---i.e., as we look at the limit where uncertainty about the interpretation of the signals disappears. When the family … agreement does not obtain even in the limit as the amount of uncertainty disappears. Lack of common priors has important …

investigate this claim using a simple model of Bayesian learning. Two individuals with different priors observe the same infinite …"---i.e., as we look at the limit where uncertainty about the interpretation of the signals disappears. When the family of … even in the limit as the amount of uncertainty disappears. Lack of common priors has important implications for economic …