| dc.contributor.author | Duffie, Darrell | |
| dc.contributor.author | Giroux, Gaston | |
| dc.contributor.author | Manso, Gustavo | |
| dc.date.accessioned | 2019-11-07T20:31:39Z | |
| dc.date.available | 2019-11-07T20:31:39Z | |
| dc.date.issued | 2010-02 | |
| dc.identifier.issn | 1945-7669 | |
| dc.identifier.issn | 1945-7685 | |
| dc.identifier.uri | https://hdl.handle.net/1721.1/122797 | |
| dc.description.abstract | We study the "percolation" of information of common interest through a large market as agents encounter and reveal information to each other over time. We provide an explicit solution for the dynamics of the cross-sectional distribution of posterior beliefs. We also show that convergence of the cross-sectional distribution of beliefs to a common posterior is exponential and that the rate of convergence does not depend on the size of the groups of agents that meet. The rate of convergence is merely the mean rate at which an individual agent is matched. | en_US |
| dc.language.iso | en | |
| dc.publisher | American Economic Association | en_US |
| dc.relation.isversionof | 10.1257/mic.2.1.100 | en_US |
| dc.rights | Article is made available in accordance with the publisher's policy and may be subject to US copyright law. Please refer to the publisher's site for terms of use. | en_US |
| dc.source | American Economic Association | en_US |
| dc.subject | General Economics, Econometrics and Finance | en_US |
| dc.title | Information Percolation | en_US |
| dc.type | Article | en_US |
| dc.identifier.citation | Duffie, Darrell, Gaston Giroux, and Gustavo Manso. 2010. "Information Percolation." American Economic Journal: Microeconomics, 2 (1): 100-111. | en_US |
| dc.contributor.department | Sloan School of Management | en_US |
| dc.relation.journal | American Economic Journal: Microeconomics | en_US |
| dc.eprint.version | Final published version | en_US |
| dc.type.uri | http://purl.org/eprint/type/JournalArticle | en_US |
| eprint.status | http://purl.org/eprint/status/PeerReviewed | en_US |
| dc.date.updated | 2019-04-29T17:31:38Z | |
| dspace.date.submission | 2019-04-29T17:31:42Z | |
| mit.journal.volume | 2 | en_US |
| mit.journal.issue | 1 | en_US |
