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I show how variational Bayes can be used as a microfoundation for a popular model of non-Bayesian updating. All the results here are mathematically trivial, but I think this direction is potentially interesting.
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Tomasz Strzalecki (Tue,) studied this question.
www.synapsesocial.com/papers/68e6a4e2b6db643587627b96 — DOI: https://doi.org/10.48550/arxiv.2405.08796
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Tomasz Strzalecki
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