Selective Memory Equilibrium
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Series
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Speaker(s)Philipp Strack (Yale University, United States)
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FieldBehavioral Economics
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LocationUniversity of Amsterdam, Roeterseilandcampus, room E0.22
Amsterdam -
Date and time
June 01, 2023
16:00 - 17:15
Abstract
When agents are more likely to remember some experiences than others but
update beliefs as if the experiences they remember are the only ones that
occurred, their limit strategy are selective memory equilibria. We illustrate
how selective memory equilibrium can be used to understand the long-run effects
of several well-documented memory biases. We then extend our analysis to cases
where the expected number of recalled experiences is bounded and experiences that
are recalled once are more likely to be recalled again, and to agents who are
only partially naive about their selective memory.
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