Further results on the asymptotic agreement problem

The problem of reaching a concensus between two decision-makers provided with different information is considered. The problem in which the decision-makers may have different underlying probability models is studied. Results are developed to characterize the likelihood of an agreement being reached eventually in terms of the nature of the inter-decision-maker communications. The problem in which the decision-makers are aware of the possibility that they may have different models is treated. It is found that in this case a deadlock can be reached where neither decision maker can learn additional information from the concensus process and they cannot reach a concensus decision. This result indicates that incorporating human uncertainty in probability assessment into the asymptotic agreement problem can lead to outcomes not anticipated in the general theory previously developed.<
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