Rational Beliefs and Bayesian Learning: A Note

Carsten Nielsen

Rivista Internazionale di Scienze Sociali, 2007, vol. 115, issue 3, 471-474

Abstract: By means of an example, it is demonstrated how rational beliefs may be incorporated into a Bayesian learning model. The empirical distribution is learned over time and the subjective rational belief is modified accordingly.

Keywords: Rational beliefs; Bayesian learning (search for similar items in EconPapers)
JEL-codes: C11 (search for similar items in EconPapers)
Date: 2007
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