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perfectly aligned "full learning" equilibria - ones in which the individuals' posterior beliefs eventually place full weight on … the true state - do not exist. This is so both in the case of private communication, in which each individual only hears … the message of his immediate predecessor, and in the case of public communication, in which a decision maker hears the …
Persistent link: https://www.econbiz.de/10005013922
Information and communication technologies are one of the most pervasive technologies in the world, second only to …. Inevitably, this is the critical condition for the sustainability of the emergent e-learning platforms and digital networks in …
Persistent link: https://www.econbiz.de/10005787174
We study the effect of stochastically delayed communication on common knowledge acquisition (common learning). If … messages do not report dispatch times, communication prevents common learning under general conditions even if common knowledge … is acquired without communication. If messages report dispatch times, communication can destroy common learning under …
Persistent link: https://www.econbiz.de/10008513291
emergent e-learning platforms and digital networks in africa. …
Persistent link: https://www.econbiz.de/10005006789
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … makers. We ask whether there exist "full learning" equilibria -- ones in which the players' posterior beliefs eventually … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his …
Persistent link: https://www.econbiz.de/10005169616
We study the intergenerational accumulation of knowledge in an infinite-horizon model of communication. Each in a … makers. We ask whether there exist "full learning'' equilibria -- ones in which the players' posterior beliefs eventually … equilibria do not exist. This is so both in the case of private communication in which each player only hears the message of his …
Persistent link: https://www.econbiz.de/10005593160
This paper studies the evolution of effective pre-play communication in game where a single communication round …
Persistent link: https://www.econbiz.de/10005566227
The eductive approach consists of finding solutions consistent with common knowledge of individual rationality and the model. An equilibrium is stable whenever it is the unique outcome consistent with these assumptions. This is a strong stability criterion as it relies on no assumption of prior...
Persistent link: https://www.econbiz.de/10011004692
the agency's disposal. The paper characterizes the optimal public communication plan and shows that full transparency … communication, the amount of delay depending on the precision of private information and the size of the agency's measurement error … the welfare of the agents, it also decreases the informational content of their actions, hampering the agency's learning …
Persistent link: https://www.econbiz.de/10009654300
market institutions using an Agent Based Computational Economics (ACE) model under the assumption of behavioral learning by …
Persistent link: https://www.econbiz.de/10005789361