Merging and Learning
IMS Lecture Notes-Monograph Series, Vol. 30, 1996
STATISTICS, PROBABILITY AND GAME THEORY: PAPERS IN HONOR OF DAVID BLACKWELL, Tom Ferguson, Lloyd Shapley, J.B. MacQueen, eds.
Posted: 7 Mar 2012
Date Written: March 7, 2012
Abstract
This review presents the well-known notion of merging, introduced by Blackwell and Dubins, and its later generalizations. While the original concept of merging refers to all future events, the two new concepts, of weak and of almost weak merging, are concerned only with forecasting near-future events. Necessary and sufficient conditions for almost weak merging and necessary conditions for weak merging are given.
Keywords: merging, learning, equilibrium
JEL Classification: C72, D83
Suggested Citation: Suggested Citation