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Learning through Categories in Social and Economic Interactions

The analogy-based expectation equilibrium (Jehiel, 2005) has been introduced to cope with strategic environments in which agents form their expectations by bundling data that come from different sources (see also the valuation equ... ver más

30/06/2023

PARIS SCHOOL OF EC...

2M€

Presupuesto del proyecto: 2M€

Líder del proyecto

ECOLE DECONOMIE DE PARIS No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Fecha límite participación Sin fecha límite de participación.

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Financiación concedida El organismo H2020 notifico la concesión del proyecto el día 2023-06-30

ERC-2016-ADG: ERC Advanced Grant

I+D

Cerrada hace 8 años

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4 Participantes

PARIS SCHOOL OF ECONOMICS E...

1.37M€ | Lider

GRUPO COMPONENTES VILANOVA

330.95K€ | Participante

ENPC

182.51K€ | Participante

UNIVERSITY COLLEGE LONDON

152.78K€ | Participante

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Duración del proyecto: 66 meses Fecha Inicio: 2017-12-07
Fecha Fin: 2023-06-30

Líder del proyecto

ECOLE DECONOMIE DE PARIS No se ha especificado una descripción o un objeto social para esta compañía.

TRL 4-5

Presupuesto del proyecto 2M€

Fecha límite de participación Sin fecha límite de participación.

Descripción del proyecto The analogy-based expectation equilibrium (Jehiel, 2005) has been introduced to cope with strategic environments in which agents form their expectations by bundling data that come from different sources (see also the valuation equilibrium defined in Jehiel and Samet, 2007). An essential next step is to make progress on when and how subjects bundle data to facilitate learning. Various principles are proposed to discipline the choices of analogy partitions in ABEE and of similarity classes in VE: the observation-based principle views the bundling as a consequence of a lack of accessibility to missing information in past interactions, the psychologically-based principle views categorizations as the consequence of observed similarity in early interactions, the culturally-based principle views the bundling of actions into similarity classes either as a consequence of a common labelling of actions or as a consequence of ethical considerations that lead us to think of different actions as having similar consequences. The impact of such principles will be studied both theoretically and experimentally with the goals of explaining a number of new phenomena and shifting the conventional wisdom in behavioural economics that has pointed out a number of anomalies in behaviors without systematically relating them to imperfections in the learning process. In addition, I will be concerned with the aggregation of different types of feedback such as data on one own performance or data on others’ attitudes in multi-context environments, as well as putting the proposed approach of learning through categories in the broader perspective of the literature on bounded rationality

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