From Agreement to Asymptotic Learning

Details From Agreement to Asymptotic Learning From Agreement to Asymptotic Learning

2011-05-24

arxiv.org/abs/1105.4765v3

Mathematics

Statistics Theory

32 pages, 2 figures

Scientific paper

We consider a group of Bayesian agents who are each given an independent signal about an unknown state of the world, and proceed to communicate with each other. We study the question of asymptotic learning: do agents learn the state of the world with probability that approaches one as the number of agents tends to infinity? We show that under general conditions asymptotic learning follows from agreement on posterior actions or posterior beliefs, regardless of the communication dynamics. In particular, we prove that asymptotic learning holds for the Gale-Kariv model on undirected networks and non-atomic private beliefs.

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