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The partially cursed and the analogy-based expectation equilibrium

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  • Miettinen, Topi

Abstract

Recent literature has established a link between the fully cursed equilibrium and the analogy-based expectation equilibrium. In this note, even the partially cursed equilibrium is shown to correspond to an analogy-based expectation equilibrium.

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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 105 (2009)
Issue (Month): 2 (November)
Pages: 162-164

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Handle: RePEc:eee:ecolet:v:105:y:2009:i:2:p:162-164

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Web page: http://www.elsevier.com/locate/ecolet

Related research

Keywords: Analogy expectations Bounded rationality Curse Learning;

References

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  1. Drew Fudenberg & David K. Levine, 1993. "Self-Confirming Equilibrium," Levine's Working Paper Archive 2147, David K. Levine.
  2. Dekel, Eddie & Fudenberg, Drew & Levine, David K., 2004. "Learning to play Bayesian games," Games and Economic Behavior, Elsevier, vol. 46(2), pages 282-303, February.
  3. Ignacio Esponda, 2008. "Behavioral Equilibrium in Economies with Adverse Selection," American Economic Review, American Economic Association, vol. 98(4), pages 1269-91, September.
  4. Fudenberg, Drew & Kreps, David M., 1995. "Learning in extensive-form games I. Self-confirming equilibria," Games and Economic Behavior, Elsevier, vol. 8(1), pages 20-55.
  5. Philippe Jehiel, 2005. "Analogy-Based Expectation Equilibrium," Levine's Bibliography 784828000000000106, UCLA Department of Economics.
  6. Topi Miettinen, 2012. "Paying attention to payoffs in analogy-based learning," Economic Theory, Springer, vol. 50(1), pages 193-222, May.
  7. Eyster, Erik & Rabin, Matt, 2002. "Cursed Equilibrium," Department of Economics, Working Paper Series qt6xf4782t, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
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Cited by:
  1. Nadine ChlaƟ, 2011. "On Individual Cursedness - How personality shapes individuals' sensitivity to incur a winner's curse -," Jena Economic Research Papers 2011-027, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  2. Miettinen, Topi, 2009. "Paying Attention to Payoffs in Analogy-Based Learning," SITE Working Paper Series 7, Stockholm Institute of Transition Economics, Stockholm School of Economics.

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