000 01316nam a22001457a 4500
999 _c520319
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008 220907b ||||| |||| 00| 0 eng d
100 _aBergemann, D. Brooks, B. and Morris, S.
_933912
245 _aCounterfactuals with latent information
260 _aAmerican Economic Review
300 _a112(1), Jan, 2022: p.343-368
520 _aWe describe a methodology for making counterfactual predictions in settings where the information held by strategic agents and the distribution of payoff-relevant states of the world are unknown. The analyst observes behavior assumed to be rationalized by a Bayesian model, in which agents maximize expected utility, given partial and differential information about the state. A counterfactual prediction is desired about behavior in another strategic setting, under the hypothesis that the distribution of the state and agents' information about the state are held fixed. When the data and the desired counterfactual prediction pertain to environments with finitely many states, players, and actions, the counterfactual prediction is described by finitely many linear inequalities, even though the latent parameter, the information structure, is infinite dimensional. – Reproduced
773 _aAmerican Economic Review
906 _aPROJECT MANAGEMENT
942 _cAR