Week 5 Flashcards
1
Q
What is the Bayesian Learning (Bala-Goyal) model?
A
2
Q
In the Bayesian Learning model, what eventually happens considering the action of the players?
A
3
Q
Will the players in the Bayesian Learning model always eventually choose the right action?
A
4
Q
What is the DeGroot model?
A
5
Q
How do beliefs update over time in the DeGroot model?
A
6
Q
When does the DeGroot model converge?
A
7
Q
How can we find the impact of every agent of the final result?
A
Just find the matrix to the power inf.
8
Q
What is the Uncertainty Structure?
A
9
Q
When is a society considered wise (i.e. what is the definition of a wise society)?
A
