A General Analysis of Sequential Social Learning
研究序贯社会学习博弈中渐近学习的条件,发现信号完全无界是渐近学习的充要条件,并针对有限行动情形给出基于效用函数的充分条件。
This paper analyzes a sequential social learning game with a general utility function, state, and action space. We show that asymptotic learning holds for every utility function if and only if signals are totally unbounded, that is, the support of the private posterior probability of every event contains both zero and one. For the case of finitely many actions, we provide a sufficient condition for asymptotic learning depending on the given utility function. Finally, we establish that for the important class of simple utility functions with finitely many actions and states, pairwise unbounded signals, which generally are a strictly weaker notion than unbounded signals, are necessary and sufficient for asymptotic learning.