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Before choosing her action to match the state of the world, an agent observes a stream of messages generated by some unknown binary signal. The agent can either learn the underlying signal for free and update her belief accordingly or ignore the observed message and keep her prior belief. After...
Persistent link: https://www.econbiz.de/10014517426
We consider a hedonic coalition formation game in which at each possible partition any new coalition can decide the probability with which to form and leave the current partition. These probabilities are commonly known so that farsighted players can decide whether or not to support a coalition's...
Persistent link: https://www.econbiz.de/10012819018
A designer conducts random searches to detect criminals, and may condition the search probability on individuals' appearance. She updates her belief about the distribution of criminals across appearances using her search results, but incorrectly takes her sample distribution for the population...
Persistent link: https://www.econbiz.de/10012606397