Calendrier du 14 mai 2018
Roy Seminar (ADRES)
Du 14/05/2018 de 17:00 à 18:30
Salle R1-13, Campus Jourdan, 48 boulevard Jourdan, 75014 Paris
MUELLER-FRANK Manuel (IESE Barcelona)
Social Learning Equilibria
écrit avec With Elchanan Mossel, Allan Sly and Omer Tamuz
We consider social learning settings in which a group of agents face uncertainty regarding a state of the world, observe private signals, share the same utility function, and act in a general dynamic setting. We introduce Social Learning Equilibria, a static equilibrium concept that abstracts away from the details of the given dynamics, but nevertheless captures the corresponding asymptotic equilibrium behavior. We establish strong equilibrium properties on agreement, herding, and information aggregation.