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collected using a small number of probability questions on expectations and requires a weak prior knowledge of the shape of the … usefulness of the method by estimating a simple model to asses the impact of expectations on investment decisions in a commonly … used trust game. -- Approximation of subjective expectations ; spline interpolation ; decision making under uncertainty …
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computational complexity of the decision problem. These results point to the context-dependence of what comes to mind and the …
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This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …-Michel Grandmont. In particular, my work on consistent expectations and behavioral learning equilibria may be seen as formalizations of …
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under ambiguity, belief updating, and survey expectations about economic variables. In each of these domains, behavior in … risk and ambiguity, belief updating, and survey expectations. Our framework makes predictions that we test using exogenous …
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