Disagreement leads to complete learning: Sequential choice with continuous types

Players with observable, continuous payoff types choose actions sequentially. Players update beliefs about the payoff-relevant state of nature using private signals and information about previous signals in the history of types and actions. Heterogeneity in preferences ensures complete learning.

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Year of publication:	2008
Authors:	Wiseman, Thomas
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 100.2008, 1, p. 53-55
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005257850