| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12867 |
| DP12867 The Biases of Others: Projection Equilibrium in an Agency Setting | |
| Kristóf Madarász; Stephanie Wang | |
| 发表日期 | 2018-04-13 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | We study strategic reasoning and the beliefs people form about the beliefs of others in the presence of private information. We find that while people naively project and think others have the same information as they do, they also anticipate the analogous projection of their differentially-informed opponents onto them. In turn, the typical person explicitly thinks that others form systematically biased beliefs. Specifically, our paper directly tests the model of projection equilibrium, Madarasz (2014, revised 2016), which posits a parsimonious one-to-one relationship between the partial extent to which a player projects and forms biased beliefs about the beliefs others, ρ, and the partial extent to which she anticipates but underestimate the same systematic bias in others' beliefs of her beliefs, ρ². We find that the distribution of the partial extent to which players project onto others and the distribution of the partial extent to which they anticipate others' projection onto them is remarkably consistent with the tight link implied by the model. |
| 主题 | Industrial Organization |
| URL | https://cepr.org/publications/dp12867 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541678 |
| 推荐引用方式 GB/T 7714 | Kristóf Madarász,Stephanie Wang. DP12867 The Biases of Others: Projection Equilibrium in an Agency Setting. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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