Forthcoming article "Revising Beliefs in Light of Unforeseen Events" by Christoph K Becker, Tigran Melkonyan @eugenioproto.bsky.social @andissofianos.bsky.social Stefan T Trautmann
@eeanews.bsky.social
Teaching materials available: www.eeassoc.org/teaching-mat...
doi.org/10.1093/jeea...
Abstract. Bayesian updating is the dominant theory of learning. However, the theory is silent about how individuals react to events that were previously un
