Selective-Memory Equilibrium
Bibliographic Data
| ID | 10180787 |
|---|---|
| Authors | Drew Fudenberg (0000-0002-6747-0125, Harvard University Press), Giacomo Lanzani (0000-0002-0506-5247, Harvard University Press), Philipp Strack (0000-0002-7960-9243, Harvard University Press) |
| Year | 2024 |
| Volume | 132 |
| Issue | 12 |
| Pages | 3978-4020 |
| Publication date | 2024-05-15 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/731412 |
| OpenAlex | W4396920791 |
| Language | EN |
| Citations received | 2 |
| References cited | 64 |
We study agents who are more likely to remember some experiences than others but update beliefs as if the experiences they remember are the only ones that occurred. To understand the long-run effects of selective memory, we propose selective-memory equilibrium. We show that if the agent’s behavior converges, their limit strategy is a selective-memory equilibrium, and we provide a sufficient condition for behavior to converge. We use this equilibrium concept to explore the consequences of several well-documented biases. We also show that there is a close connection between selective-memory equilibria and the outcomes of misspecified learning
Economics · Mathematical economics · Advanced Bandit Algorithms Research · Computer Science · Economic theories and models · Game Theory and Applications
Are we all less risky and more skillful than our fellow drivers?
Self-Confidence and Personal Motivation
Cognitive abilities and superior decision making under risk
Who Is ‘Behavioral’? Cognitive Ability and Anomalous Preferences
Judgment of contingency in depressed and nondepressed students
The relationship between memory and judgment depends on whether the judgment task is memory-based or on-line.
Mood-congruent recall of affectively toned stimuli
Priming and Human Memory Systems
First Impressions Matter
Learning from Inflation Experiences
Prospect Theory
Communication with forgetful liars
Motivated False Memory
Selective Sampling with Information-Storage Constraints
Regret Theory
Physiological arousal, dissonance, and attitude change
Biased assimilation and attitude polarization
| Citations per year | 1 |
|---|---|
| Citation span | 2024 - 2025 (2) |
| Highly cited | No |