Updating Beliefs with Ambiguous Evidence: Implications for Polarization
NBER Working Paper No. 19114
---- Acknowledgments ----
This project benefited greatly from extensive discussions with Richard Holden. We are also grateful to Ben Golub, Lawrence Katz, Matthew Rabin, and Andrei Shleifer for helpful comments and suggestions. We gratefully acknowledge financial support from the NSF grants SES-0961481 and SES-1155302, and ARO MURI Award No. W911NF-12-1-0509. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.