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Learning under Diverse World Views: Model-Based Inference

dc.contributor.authorMailath, George
dc.contributor.authorSamuelson, Larry W.
dc.date.accessioned2022-09-29T05:10:40Z
dc.date.available2022-09-29T05:10:40Z
dc.date.issued2020
dc.date.updated2021-11-28T07:20:16Z
dc.description.abstractPeople reason about uncertainty with deliberately incomplete models. How do people hampered by different, incomplete views of the world learn from each other? We introduce a model of "model-based inference." Model-based reasoners partition an otherwise hopelessly complex state space into a manageable model. Unless the differences in agents' models are trivial, interactions will often not lead agents to have common beliefs or beliefs near the correct-model belief. If the agents' models have enough in common, then interacting will lead agents to similar beliefs, even if their models also exhibit some bizarre idiosyncrasies and their information is widely disperseden_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.citationMailath, George J., and Larry Samuelson. 2020. "Learning under Diverse World Views: Model-Based Inference." American Economic Review, 110 (5): 1464-1501.en_AU
dc.identifier.issn0002-8282en_AU
dc.identifier.urihttp://hdl.handle.net/1885/274193
dc.language.isoen_AUen_AU
dc.provenancehttps://v2.sherpa.ac.uk/id/publication/9860..."Published version can be made open access on non-commercial repository" from SHERPA/RoMEO site (as at 29.9.2022).en_AU
dc.publisherAmerican Economic Associationen_AU
dc.rights© 2020en_AU
dc.sourceAmerican Economic Reviewen_AU
dc.titleLearning under Diverse World Views: Model-Based Inferenceen_AU
dc.typeJournal articleen_AU
dcterms.accessRightsOpen Accessen_AU
local.bibliographicCitation.issue5en_AU
local.bibliographicCitation.lastpage1501en_AU
local.bibliographicCitation.startpage1464en_AU
local.contributor.affiliationMailath, George, College of Business and Economics, ANUen_AU
local.contributor.affiliationSamuelson, Larry W., Yale Universityen_AU
local.contributor.authoruidMailath, George, u5107368en_AU
local.description.notesImported from ARIESen_AU
local.identifier.absfor380304 - Microeconomic theoryen_AU
local.identifier.absseo280108 - Expanding knowledge in economicsen_AU
local.identifier.ariespublicationa383154xPUB13185en_AU
local.identifier.citationvolume110en_AU
local.identifier.doi10.1257/aer.20190080en_AU
local.identifier.scopusID2-s2.0-85085383410
local.publisher.urlhttps://www.aeaweb.org/en_AU
local.type.statusPublished Versionen_AU

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