Gilboa, Itzhak; Postlewaite, Andrew; Schmeidler, David - 2004
many situations in which there is not sufficient information for an individual to generate a Bayesian prior. Third, this … lack of information is even more acute when we address the beliefs that can be attributed to a society. We hold that one … needs to explore other approaches to the representation of information and of beliefs, which may be helpful in describing …
