Anderlini, Luca; Gerardi, Dino; Lagunoff, Roger - 2008
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 …