Heterogeneity, Inattention, and Bayesian Updates
نویسندگان
چکیده
منابع مشابه
A Bayesian Framework for Opinion Updates
Opinion Dynamics lacks a theoretical basis. In this article, I propose to use a decisiontheoretic framework, based on the updating of subjective probabilities, as that basis. We will see we get a basic tool for a better understanding of the interaction between the agents in Opinion Dynamics problems and for creating new models. I will review the few existing applications of Bayesian update rule...
متن کاملRecursive Bayesian Updates for Occupancy Mapping and Surface Reconstruction
This paper proposes a new method to build two kinds of map representations, occupancy maps and surface meshes, in a single framework of Gaussian processes and update recursively using Bayesian Committee Machines. Previously, Gaussian processes were applied to robotic mapping as a batch process considering all the observations at once. However, that approach not only increases the number of trai...
متن کاملInventory Control with Unobservable Lost Sales and Bayesian Updates
We study a finite-horizon lost-sales inventory model. The demand distribution is unknown and is dynamically updated based on the previous sales data in a Bayesian fashion. We derive a samplepath representation of the first order optimality condition, which characterizes the key tradeoff of the problem. The expression allows us to see why the computation of the optimal policy is difficult and wh...
متن کاملBehavioral Inattention
Inattention is a central, unifying theme for much of behavioral economics. It permeates such disparate fields as microeconomics, macroeconomics, finance, public economics, and industrial organization. It enables us to think in a rather consistent way about behavioral biases, speculate about their origins, and trace out their implications for market outcomes. This survey first discusses the most...
متن کاملAdaptive Decoding for Brain-Machine Interfaces Through Bayesian Parameter Updates
Brain-machine interfaces (BMIs) transform the activity of neurons recorded in motor areas of the brain into movements of external actuators. Representation of movements by neuronal populations varies over time, during both voluntary limb movements and movements controlled through BMIs, due to motor learning, neuronal plasticity, and instability in recordings. To ensure accurate BMI performance ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: American Economic Journal: Macroeconomics
سال: 2020
ISSN: 1945-7707,1945-7715
DOI: 10.1257/mac.20180235