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Bayesian group belief

Author

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  • Dietrich, Franz

Abstract

If a group is modelled as a single Bayesian agent, what should its beliefs be? I propose an axiomatic model that connects group beliefs to beliefs of group members, who are themselves modelled as Bayesian agents and, crucially, may have different information. They may also have different prior beliefs and different domains (σ-algebras) on which they hold beliefs, to account for differences in awareness and conceptualisation. As is shown, group beliefs can incorporate all information spread across individuals without individuals having to communicate their information (which may be complex, hard-to-describe, or not describable in principle due to language restrictions); individuals should instead communicate their prior and posterior beliefs. The group beliefs derived here take a simple multiplicative form if people’s information is independent (and a more complex form if information overlaps arbitrarily), which contrast with familiar linear or geometric opinion pooling and the (Pareto) requirement of respecting unanimous beliefs.

Suggested Citation

  • Dietrich, Franz, 2009. "Bayesian group belief," LSE Research Online Documents on Economics 27002, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:27002
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    File URL: https://researchonline.lse.ac.uk/id/eprint/27002/
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    Cited by:

    1. is not listed on IDEAS
    2. Elena M. Parilina & Georges Zaccour, 2022. "Sustainable Cooperation in Dynamic Games on Event Trees with Players’ Asymmetric Beliefs," Journal of Optimization Theory and Applications, Springer, vol. 194(1), pages 92-120, July.
    3. Franz Dietrich & Christian List, 2017. "Probabilistic opinion pooling generalized. Part one: general agendas," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 48(4), pages 747-786, April.
    4. List, Christian, 2010. "The theory of judgment aggregation: an introductory review," LSE Research Online Documents on Economics 27596, London School of Economics and Political Science, LSE Library.
    5. Franz Dietrich & Christian List, 2024. "Dynamically rational judgment aggregation," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 63(3), pages 531-580, November.
    6. Francesco Billari & Rebecca Graziani & Eugenio Melilli, 2014. "Stochastic Population Forecasting Based on Combinations of Expert Evaluations Within the Bayesian Paradigm," Demography, Springer;Population Association of America (PAA), vol. 51(5), pages 1933-1954, October.
    7. Philip E. Tetlock & Christopher Karvetski & Ville A. Satopää & Kevin Chen, 2024. "Long‐range subjective‐probability forecasts of slow‐motion variables in world politics: Exploring limits on expert judgment," Futures & Foresight Science, John Wiley & Sons, vol. 6(1), March.
    8. Dietrich, Franz & List, Christian, 2014. "Probabilistic Opinion Pooling," MPRA Paper 54806, University Library of Munich, Germany.
    9. Ding, Huihui & Pivato, Marcus, 2021. "Deliberation and epistemic democracy," Journal of Economic Behavior & Organization, Elsevier, vol. 185(C), pages 138-167.
    10. Ruth Ben-Yashar & Leif Danziger, 2015. "When is voting optimal?," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 3(2), pages 341-356, October.
    11. Satopää, Ville A. & Salikhov, Marat & Tetlock, Philip E. & Mellers, Barbara, 2023. "Decomposing the effects of crowd-wisdom aggregators: The bias–information–noise (BIN) model," International Journal of Forecasting, Elsevier, vol. 39(1), pages 470-485.
    12. Franz Dietrich & Christian List, 2017. "Probabilistic opinion pooling generalized. Part two: the premise-based approach," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 48(4), pages 787-814, April.
    13. Peker, Cem & Wilkening, Tom, 2025. "Robust recalibration of aggregate probability forecasts using meta-beliefs," International Journal of Forecasting, Elsevier, vol. 41(2), pages 613-630.
    14. Aurélien Baillon & Laure Cabantous & Peter Wakker, 2012. "Aggregating imprecise or conflicting beliefs: An experimental investigation using modern ambiguity theories," Journal of Risk and Uncertainty, Springer, vol. 44(2), pages 115-147, April.
    15. Dietrich, Franz, 2016. "A Theory Of Bayesian Groups," MPRA Paper 75363, University Library of Munich, Germany.
    16. Dietrich, F.K. & List, C., 2008. "The aggregation of propositional attitudes: towards a general theory," Research Memorandum 047, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    17. Dietrich, Franz & List, Christian & Bradley, Richard, 2012. "A Joint Characterization of Belief Revision Rules," MPRA Paper 41240, University Library of Munich, Germany.

    More about this item

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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