SSE/EFI Working Paper Series in Economics and Finance
Analogy-based Expectations and the Partially Cursed Equilibrium
Abstract: 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; (follow links to similar papers)
JEL-Codes: C72; D82; (follow links to similar papers)
8 pages, August 15, 2008, Revised December 12, 2008
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