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This paper presents a generalization of the DeGroot learning rule in which social learning can lead to polarization, even for connected networks. I first develop a model of biased assimilation in which the utility an agent receives from past decisions depends on current beliefs when uncertainty...
Persistent link: https://www.econbiz.de/10013000808
This paper studies an agent forming beliefs by translating data into signals about the truth of propositions. The agent faces ambiguity when she observes low-quality data yielding set-identified signals. Rules for decision-making under ambiguity choose the single belief generating an extreme...
Persistent link: https://www.econbiz.de/10012982711
Local opposition to many projects makes it increasingly difficult to find sites for socially desirable facilities. As has been widely documented, compensation for local disamenities does not increase the level of support. An empirical analysis of the Swiss search for a nuclear waste repository...
Persistent link: https://www.econbiz.de/10014075451