PMBA aggregates first- and higher-order beliefs to recover the true state from large populations under weak assumptions on information structures, with a linear regression reinterpretation and supporting experiment.
Identify {( ⊗ PS ω ) L− 1 P (ω) } ω∈ Ω with a |S|L− 1 × L matrix which we denote by M
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The Wisdom of the Crowd and Higher-Order Beliefs
PMBA aggregates first- and higher-order beliefs to recover the true state from large populations under weak assumptions on information structures, with a linear regression reinterpretation and supporting experiment.