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math.PR2008
Information Percolation
Darrell Duffie, Gaston Giroux, Gustavo Manso
For a setting in which a large number of asymmetrically informed agents are randomly matched into groups over time, exchanging their information with each other when matched, we pr…
math.PR2008
Information Percolation with Equilibrium Search Dynamics
Darrell Duffie, Semyon Malamud, Gustavo Manso
We solve for the equilibrium dynamics of information sharing in a large population. Each agent is endowed with signals regarding the likely outcome of a random variable of common c…