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For Bayesian Wannabes, Are Disagreements Not About Info? Robin Hanson Economics, GMU
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The Puzzle of Disagreement Persistent disagreement ubiquitous Speculative trading, wars, juries, … Argue in science, politics, family, … Theory seems to say this irrational Possible explanations We’re “just joshing” Infeasible epistemic rationality Fixable irrationality: all will change! Other rationality – truth not main goal
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My Answer: We Self-Deceive We biased to think better driver, lover, … “I less biased, better data & analysis” Evolutionary origin: helps us to deceive Mind “leaks” beliefs via face, voice, … Leak less if conscious mind really believes Beliefs like clothes Function in harsh weather, fashion in mild
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We Can’t Agree to Disagree Aumann in 1976 Re possible worlds Common knowledge Of exact E 1 [x], E 2 [x] Would say next For Bayesians With common priors If seek truth, not lie Since generalized to ® Impossible worlds ® Common Belief ® A f(, ), or who max ® Last ±(E 1 [x] - E 1 [E 2 [x]]) ® At core, or Wannabe ® Symmetric prior origins
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Generalize to Bounded Rationality Bayesians (with common prior) Possibility-set agents: balanced (Geanakoplos ‘89), or “Know that they know” (Samet ‘90), … Turing machines: prove all computable in finite time (Medgiddo ‘89, Shin & Williamson ‘95) Many more specific models …
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Consider Bayesian Wannabes Prior Info Errors Pure Agree to Disagree? Yes No Yes Ex: E 1 [p] @ 3.14, E 2 [p] @ 22/7 Disagree Sources Either combo implies pure version!
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Theorem in English If two Bayesian wannabes nearly agree to disagree about any X, nearly agree that both think they nearly unbiased, nearly agree that one agent’s estimate of other’s bias is consistent with a certain simple algebraic relation Then they nearly agree to disagree about Y, one agent’s average error regarding X. (Y is state-independent, so info is irrelevant).
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Notation
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More Notation
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Still More Notation
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Let 1,2 Agree to Disagree Re X
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Theorems 1 2
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Theorem in English If two Bayesian wannabes nearly agree to disagree about any X, nearly agree that both think they nearly unbiased, nearly agree that one agent’s estimate of other’s bias is consistent with a certain simple algebraic relation Then they nearly agree to disagree about Y, one agent’s average error regarding X. (Y is state-independent, so info is irrelevant).
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Consider Bayesian Wannabes Prior Info Errors Pure Agree to Disagree? Yes No Yes Ex: E 1 [p] @ 3.14, E 2 [p] @ 22/7 Disagree Sources Either combo implies pure version!
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Conclusion Bayesian wannabes are a general model of computationally-constrained agents. Add minimal assumptions that maintain some easy-to-compute belief relations. For such Bayesian wannabes, A.D. (agreeing to disagree) regarding X( w ) implies A.D. re Y( w )=Y. Since info is irrelevant to estimating Y, any A.D. implies a pure error-based A.D. So if pure error A.D. irrational, all are.
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