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Unrealistic Expectations and Misguided Learning

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Publication:4682706
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DOI10.3982/ECTA14084zbMath1396.91084OpenAlexW3123740870MaRDI QIDQ4682706

Botond Kőszegi, Philipp Strack, Paul Heidhues

Publication date: 19 September 2018

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta14084


zbMATH Keywords

convergencelearningmisspecified modelsoverconfidenceBerk-Nash equilibrium


Mathematics Subject Classification ID

Decision theory (91B06) Memory and learning in psychology (91E40)


Related Items (9)

Learning with misattribution of reference dependence ⋮ Biased learning under ambiguous information ⋮ Control, cost, and confidence: perseverance and procrastination in the face of failure ⋮ Mislearning from censored data: The gambler's fallacy and other correlational mistakes in optimal‐stopping problems ⋮ Which misspecifications persist? ⋮ A multi-agent model of misspecified learning with overconfidence ⋮ Pathwise concentration bounds for Bayesian beliefs ⋮ Asymptotic behavior of Bayesian learners with misspecified models ⋮ Combining forecasts in the presence of ambiguity over correlation structures




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