Learning and Information Aggregation in an Exit Game
نویسندگان
چکیده
منابع مشابه
Learning and Information Aggregation in an Exit Game∗
We analyze information aggregation in a stopping game with uncertain common payoffs. Players learn from their own private experiences as well as by observing the actions of other players. We give a full characterization of the symmetric mixed strategy equilibrium, and show that information aggregates in randomly occurring exit waves. Observational learning induces the players to stay in the gam...
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ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 2011
ISSN: 1467-937X,0034-6527
DOI: 10.1093/restud/rdr007