no code implementations • 4 Feb 2021 • Yi-Chun Chen, Manuel Mueller-Frank, Mallesh M Pai
The classic wisdom-of-the-crowd problem asks how a principal can "aggregate" information about the unknown state of the world from agents without understanding the information structure among them.
no code implementations • 8 Jan 2021 • Itai Arieli, Yakov Babichenko, Manuel Mueller-Frank
We analyze boundedly rational updating from aggregate statistics in a model with binary actions and binary states.