Finally, the ultimate goal of the laboratory honing of simple models is to explain behavior in the economy. Models of iterated thinking could prove useful in thinking about asset markets, speculation and betting, contract structure, and oth…Capra, C. Mónica, “Noisy Expectation Formation in One-shot Games,” PhD. thesis, 1999.
Chen, Yuxin, Ganesh Iyer, and Amit Pazgal, “Limited Memory and Market Competition,” Working Paper, University of California, Berkeley, 2003.
Chong, Kuan…
George Loewenstein
economist · 2 mentions across 1 reading
In this course
George Loewenstein is an economist and psychologist known for work on behavioral economics and decision-making under uncertainty, particularly how emotions and curiosity shape economic choices. His research appears in this course as foundational to understanding how bounded rationality and cognitive limits—rather than perfect information—drive market behavior and speculation. The readings invoke his framework to move beyond purely rational actor models toward more realistic accounts of how agents actually form expectations and make choices in financial and strategic contexts.
Mentioned in 1 reading
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Drazen Prelec 2Ariel Rubinstein 1Chong 1Colin Camerer 1Costas-Gomes 1Crawford 1Ho 1Albert Satorra 1Antoni Bosch-Domenech 1Chris Proulx 1Colin F. Camerer 1Daniel Lovallo 1David Porter 1H. C. Kunreuther 1Hongbin Cai 1Jeffrey Banks 1Joe Swierzbinski 1Jose G. Montalvo 1Joseph Wang 1Juin-Kuan Chong 1Kenneth Binmore 1Robert Bloomfield 1Rosemarie Nagel 1S. J. Hoch 1Teck-Hua Ho 1