Selective Memory Equilibrium

Series

CREED Seminars
Speaker(s)

Philipp Strack (Yale University, United States)
Field

Behavioral Economics

Location

University 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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