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Pré-Publication, Document De Travail Année : 2022

Analogy-Based Expectation Equilibrium and Related Concepts:Theory, Applications, and Beyond

Résumé

A unified definition of analogy-based expectation equilibrium (ABEE) for strategic environments involving multiple stages and private information is presented. Various alternative interpretations of the concept are proposed as well as a discussion of how to use ABEE in practice. A variety of applications including two new ones related to speculative trading and personnel economics is reviewed. A discussion of a number of alternative equilibrium concepts follows emphasizing the links and differences with ABEE. Finally, a discussion of possible next steps in particular related to the endogeneization of analogy partitions is proposed.
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halshs-03735680 , version 1 (21-07-2022)

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  • HAL Id : halshs-03735680 , version 1

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Philippe Jehiel. Analogy-Based Expectation Equilibrium and Related Concepts:Theory, Applications, and Beyond. 2022. ⟨halshs-03735680⟩
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