6 papers
Motivating Innovation with a Misspecified Roadmap
Florian Mudekereza
We analyze a principal-agent relationship where a principal communicates a roadmap to guide an agent who is learning the value of innovation. However, the agent is concerned that t…
Belief Aggregation under Costly Information
Florian Mudekereza
This paper proposes an epistemic foundation for aggregating sets of probabilistic beliefs by retaining only shared beliefs. It develops a model of belief formation under informatio…
Complexity and Misspecification
Drew Fudenberg, Florian Mudekereza
We propose a tractable model of repeated decision problems that combines concern about model misspecification, as in robust control, with a complexity cost, such as Shannon entropy…
Aggregate Efficiency in Games
Florian Mudekereza
We show that, in large population games, decentralized information aggregation generically corrects for individual-level biases. This establishes a new testable aggregate efficienc…
Robust Aggregation of Preferences
Florian Mudekereza
This paper analyzes a society composed of individuals who have diverse sets of beliefs (or models) and diverse tastes (or utility functions). It characterizes the model selection p…
Collective Intelligence in Dynamic Networks
Florian Mudekereza
We revisit DeGroot learning to examine the robustness of social learning in dynamic networks -- networks that evolve randomly over time. Dynamics have double-edged effects dependin…