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A theory of subjective learning

Publication ,  Journal Article
Dillenberger, D; Lleras, JS; Sadowski, P; Takeoka, N
Published in: Journal of Economic Theory
January 1, 2014

We study an individual who faces a dynamic decision problem in which the process of information arrival is unobserved by the analyst. We elicit subjective information directly from choice behavior by deriving two utility representations of preferences over menus of acts. One representation uniquely identifies information as a probability measure over posteriors and the other identifies information as a partition of the state space. We compare individuals who expect to learn differently in terms of their preference for flexibility. On the extended domain of dated-menus, we show how to accommodate gradual learning over time by means of a subjective filtration. © 2014 Elsevier Inc.

Duke Scholars

Published In

Journal of Economic Theory

DOI

EISSN

1095-7235

ISSN

0022-0531

Publication Date

January 1, 2014

Volume

153

Issue

1

Start / End Page

287 / 312

Related Subject Headings

  • Economic Theory
  • 3803 Economic theory
  • 3801 Applied economics
  • 1499 Other Economics
  • 1401 Economic Theory
 

Citation

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MLA
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Dillenberger, D., Lleras, J. S., Sadowski, P., & Takeoka, N. (2014). A theory of subjective learning. Journal of Economic Theory, 153(1), 287–312. https://doi.org/10.1016/j.jet.2014.07.003
Dillenberger, D., J. S. Lleras, P. Sadowski, and N. Takeoka. “A theory of subjective learning.” Journal of Economic Theory 153, no. 1 (January 1, 2014): 287–312. https://doi.org/10.1016/j.jet.2014.07.003.
Dillenberger D, Lleras JS, Sadowski P, Takeoka N. A theory of subjective learning. Journal of Economic Theory. 2014 Jan 1;153(1):287–312.
Dillenberger, D., et al. “A theory of subjective learning.” Journal of Economic Theory, vol. 153, no. 1, Jan. 2014, pp. 287–312. Scopus, doi:10.1016/j.jet.2014.07.003.
Dillenberger D, Lleras JS, Sadowski P, Takeoka N. A theory of subjective learning. Journal of Economic Theory. 2014 Jan 1;153(1):287–312.
Journal cover image

Published In

Journal of Economic Theory

DOI

EISSN

1095-7235

ISSN

0022-0531

Publication Date

January 1, 2014

Volume

153

Issue

1

Start / End Page

287 / 312

Related Subject Headings

  • Economic Theory
  • 3803 Economic theory
  • 3801 Applied economics
  • 1499 Other Economics
  • 1401 Economic Theory