Belief Formation ∗ †

Abstract

An agent is unsure of the state of the world and faces computational bounds on mental processing. He gets signals imperfectly correlated with the true state that he will use to take a single decision. The agent has a finite number of “states of mind” that quantify his beliefs about the relative likelihood of the states. At a random stopping time, the agent… (More)

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Cite this paper

@inproceedings{Compte2012BeliefF, title={Belief Formation ∗ †}, author={Olivier Compte and Andrew Postlewaite and David Dillenberger and Mehmet Ekmekci}, year={2012} }