In multi-context settings, context-based imitation converges to consensus iff a behavioral rule is a Condorcet winner; imitate-if-better minimizes envy among protocols, and the model characterizes selection of rational expectations with possible persistent fluctuations.
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Defines private private signals and characterizes the optimal ones that maximize state informativeness subject to no cross-signal information leakage.
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Context-based Imitation and the Evolution of Behavioral Rules
In multi-context settings, context-based imitation converges to consensus iff a behavioral rule is a Condorcet winner; imitate-if-better minimizes envy among protocols, and the model characterizes selection of rational expectations with possible persistent fluctuations.
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Private Private Information
Defines private private signals and characterizes the optimal ones that maximize state informativeness subject to no cross-signal information leakage.