Endogenous Clustering and Analogy-Based Expectation Equilibrium.
Normal-form two-player games are categorized by players into K analogy classes so as to minimize the prediction error about the behaviour of the opponent. This results in Clustered Analogy-Based Expectation Equilibria in which strategies are analogy-based expectation equilibria given the analogy par...
| Publicado en: | Review of Economic Studies Vol. 93; no. 2; pp. 1077 - 1103 |
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| Autores principales: | , |
| Formato: | Artículo |
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Oxford University Press / USA
Mar2026
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=192334027&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 192334027 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Mar2026 vid: 93 iid: 2 pid: 622 pub: Oxford University Press / USA artinfo: ui: 192334027 10.1093/restud/rdaf054 ppf: 1077 ppct: 26 formats: tig: atl: Endogenous Clustering and Analogy-Based Expectation Equilibrium. aug: au: Jehiel, Philippe Weber, Giacomo affil: PSE, France and University College London, UK PSE (EHESS), FranceUniversity of Bologna, Italy su: Heterogeneity Game theory Games Equilibrium Cluster analysis (Statistics) Mathematical functions sug: subj: Heterogeneity Game theory Games Toy and Hobby Goods and Supplies Merchant Wholesalers Hobby, Toy, and Game Stores Doll, Toy, and Game Manufacturing Equilibrium Cluster analysis (Statistics) Mathematical functions keyword: Analogy-based Expectation Equilibrium copyrightHolder:Review of Economic Studies Ltd copyrightYear:2026 inLanguage:en K-means clustering Prototype theory publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/restud/rdaf054 Analogy-based Expectation Equilibrium copyrightHolder:Review of Economic Studies Ltd copyrightYear:2026 inLanguage:en K-means clustering Prototype theory publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/restud/rdaf054 ab: Normal-form two-player games are categorized by players into K analogy classes so as to minimize the prediction error about the behaviour of the opponent. This results in Clustered Analogy-Based Expectation Equilibria in which strategies are analogy-based expectation equilibria given the analogy partitions and analogy partitions minimize the prediction errors given the strategies. We distinguish between environments with self-repelling analogy partitions in which some mixing over partitions is required and environments with self-attractive partitions in which several analogy partitions can arise, thereby suggesting new channels of belief heterogeneity and equilibrium multiplicity. Various economic applications are discussed. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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