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We derive conditions on the learning environment - which encompasses both Bayesian and non-Bayesian processes … rules in our dynamic allocation problems with incomplete information and learning, and between the classical problem of …
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We consider an environment where a finite number of players need to decide whether to buy a certain product (or adopt a trend) or not. The product is either good or bad, but its true value is not known to the players. Instead, each player has her own private information on the quality of the...
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