BERK-NASH EQUILIBRIUM: A FRAMEWORK FOR MODELING AGENTS WITH MISSPECIFIED MODELS.
We develop an equilibrium framework that relaxes the standard assumption that people have a correctly specified view of their environment. Each player is characterized by a (possibly misspecified) subjective model, which describes the set of feasible beliefs over payoff-relevant consequences as a fu...
| Publicado en: | Econometrica Vol. 84; no. 3; pp. 1093 - 1131 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
May2016
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |