Learning a population distribution

B-Tier
Journal: Journal of Economic Dynamics and Control
Year: 2014
Volume: 48
Issue: C
Pages: 188-201

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper introduces a dynamic Bayesian game with an unknown population distribution. Players do not know the true population distribution and assess it based on their private observations using Bayes׳ rule. First, we show the existence and characterization of an equilibrium in which each player׳s strategy is a function not only of the player׳s type but also of experience. Second, we show that each player׳s initial belief about the population distribution converges almost surely to a “correct” belief.

Technical Details

RePEc Handle
repec:eee:dyncon:v:48:y:2014:i:c:p:188-201
Journal Field
Macro
Author Count
1
Added to Database
2026-01-29