Construct · 1 fields · 1 citations

self-confirming equilibrium: a standalone construct

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Game theory

a learning steady state in which each player best responds to beliefs that are correct about play actually observed but may be wrong elsewhere.

In game theory, self-confirming equilibrium refers to a learning steady state in which each player best responds to beliefs that are correct about play actually observed but may be wrong elsewhere. This meaning comes from Fudenberg (1993) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

equilibrium4 fields · 4 citationsjingle · one word, four constructs game2 fields · 3 citationsjingle · one word, two constructs learning6 fields · 14 citationsjingle · one name, six constructs

References

Fudenberg, D., & Levine, D. K. (1993). Self-Confirming Equilibrium. Econometrica, 61(3), 523. https://doi.org/10.2307/2951716

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