Learning and Equilibrium under Model Misspecification
Fuente:
arXiv
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| Main Authors: | , |
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| Format: | Preprint |
| Published: |
2026
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| Subjects: | |
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| _version_ | 1866911376886202368 |
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| author | Esponda, Ignacio Pouzo, Demian |
| author_facet | Esponda, Ignacio Pouzo, Demian |
| contents | This chapter develops a unified framework for studying misspecified learning situations in which agents optimize and update beliefs within an incorrect model of their environment. We review the statistical foundations of learning from misspecified models and extend these insights to environments with endogenous, action-dependent data, including both single agent and strategic settings. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2601_09891 |
| institution | arXiv |
| publishDate | 2026 |
| record_format | arxiv |
| spellingShingle | Learning and Equilibrium under Model Misspecification Esponda, Ignacio Pouzo, Demian Theoretical Economics Statistics Theory This chapter develops a unified framework for studying misspecified learning situations in which agents optimize and update beliefs within an incorrect model of their environment. We review the statistical foundations of learning from misspecified models and extend these insights to environments with endogenous, action-dependent data, including both single agent and strategic settings. |
| title | Learning and Equilibrium under Model Misspecification |
| topic | Theoretical Economics Statistics Theory |
| url | https://arxiv.org/abs/2601.09891 |