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Belief Aggregation under Costly Information

econ.TH · 2026-06-10 · unverdicted · novelty 5.0

A costly-information model provides an epistemic foundation that rationalizes linear, geometric, power, and multiplicative belief pooling and links the choice of rule to welfare losses and equilibrium prices.

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  • Belief Aggregation under Costly Information econ.TH · 2026-06-10 · unverdicted · none · ref 29

    A costly-information model provides an epistemic foundation that rationalizes linear, geometric, power, and multiplicative belief pooling and links the choice of rule to welfare losses and equilibrium prices.