Consensus in distributed estimation
A team must agree on a common decision to minimize the expected cost. Different team members have different observations relating to the ‘state of the world’, and they may also have different prior beliefs. To reach a consensus they exchange tentative decisions based on their current information. Tw...
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| Format: | Buchkapitel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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| Zusammenfassung: | A team must agree on a common decision to minimize the expected cost. Different team members have different observations relating to the ‘state of the world’, and they may also have different prior beliefs. To reach a consensus they exchange tentative decisions based on their current information. Two questions are discussed: When do the individual estimates converge? If they converge, will a consensus be reached? |
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| ISSN: | 0170-8643 1610-7411 |
| DOI: | 10.1007/BFb0043399 |