Mathematics – Probability
Scientific paper
2008-11-18
Mathematics
Probability
Scientific paper
For a setting in which a large number of asymmetrically informed agents are randomly matched into groups over time, exchanging their information with each other when matched, we provide an explicit solution for the dynamics of the cross-sectional distribution of posterior beliefs. We also show that convergence of the cross-sectional distribution of beliefs to a common posterior is exponential and that the rate of convergence does not depend on the size of the groups of agents that meet. The rate of convergence is merely the mean rate at which an individual agent is matched.
Duffie Darrell
Giroux Gaston
Manso Gustavo
No associations
LandOfFree
Information Percolation does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with Information Percolation, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Information Percolation will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-428849