Myopia and Anchoring
<jats:p> We develop an equivalence between the equilibrium effects of incomplete information and those of two behavioral distortions: myopia, or extra discounting of the future; and anchoring of current behavior to past behavior, as in models with habit persistence or adjustment costs. We show...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2022-08-25T16:34:55Z.
|
| Subjects: | |
| Online Access: | Get fulltext |