Analogy-based Expectations and the Partially Cursed Equilibrium
Topi Miettinen ()
No 708, SSE/EFI Working Paper Series in Economics and Finance from Stockholm School of Economics
Recent literature has questioned the existence of a learning foundation for the partially cursed equilibrium. This paper closes the gap by showing that a partially cursed equilibrium corresponds to a particular analogy-based expectation equilibrium.
Keywords: Analogy Expectations; Bounded Rationality; Curse; Learning (search for similar items in EconPapers)
JEL-codes: C72 D82 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2008-08-15, Revised 2008-12-12
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:hastef:0708
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