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14 juin 2021
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- 2106.07712
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Economics - Theoretical EconomicsSujets proches
Learning process Scholarship LearningCiter ce document
Xuanye Wang, « Fragility of Confounded Learning », arXiv - économie
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We consider an observational learning model with exogenous public payoff shock. We show that confounded learning doesn't arise for almost all private signals and almost all shocks, even if players have sufficiently divergent preferences.