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Fragility of asymptotic agreement under Bayesian learning

Acemoglu, Daron; Chernozhukov, Victor; Yildiz, Muhamet - In: Theoretical economics : TE ; an open access journal in … 11 (2016) 1, pp. 187-225

Under the assumption that individuals know the conditional distributions of signals given the payoff-relevant parameters, existing results conclude that as individuals observe infinitely many signals, their beliefs about the parameters will eventually merge. We first show that these results are...

Persistent link: https://www.econbiz.de/10011673061

Fragility of Asymptotic Agreement Under Bayesian Learning

Acemoglu, Daron - 2008

Persistent link: https://www.econbiz.de/10012724813

Spread of (Mis)Information in Social Networks

Acemoglu, Daron; Ozdaglar, Asuman E.; ParandehGheibi, Ali - 2009

We provide a model to investigate the tension between information aggregation and spread of misinformation in large societies (conceptualized as networks of agents communicating with each other). Each individual holds a belief represented by a scalar. Individuals meet pairwise and exchange...

Persistent link: https://www.econbiz.de/10014208053

History, Expectations, and Leadership in the Evolution of Social Norms

Acemoglu, Daron - 2014

We study the evolution of a social norm of `cooperation' in a dynamic environment. Each agent lives for two periods and …, leading to a social norm of high or low cooperation. In more forward-looking societies, there is a pattern of 'reversion …' whereby play starting with high (low) cooperation reverts toward lower (higher) cooperation. The impact of history can be …

Persistent link: https://www.econbiz.de/10013068049

Sustaining cooperation : community enforcement vs. specialized enforcement

Acemoglu, Daron; Wolitzky, Alexander - 2015

specialized enforcement technology is sufficiently effective, cooperation is best sustained by a "single enforcer punishment … following deviations by regular agent is that such actions, by reducing future cooperation, would decrease the amount of …

Persistent link: https://www.econbiz.de/10011491715

Cycles of Distrust : An Economic Model

Acemoglu, Daron - 2012

We propose a model of cycles of distrust and conflict. Overlapping generations of agents from two groups sequentially play coordination games under incomplete information about whether the other side consists of "extremists" who will never take the good/trusting action. Good actions may be...

Persistent link: https://www.econbiz.de/10013103053