Diverging Opinions

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Diverging Opinions

People often see the same evidence but draw opposite conclusions, becoming increasingly polarized over time. Prior discussions of this puzzle have focused on the failure of Bayesian reasoning or on the possibility of non-common priors. By contrast, we offer a model of diverging opinions in a Bayesian environment with common priors. In our model, people hold different private information and dis...

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ژورنال

عنوان ژورنال: American Economic Journal: Microeconomics

سال: 2012

ISSN: 1945-7669,1945-7685

DOI: 10.1257/mic.4.1.209