ERC Starting Grant · 2024
Modeling Misspecification: Incorporating Information Processing Biases into Economic Models
Differences in how individuals interpret the same information have proven to play an important role in societal decision making. Yet, most economic models assume individuals not only interpret information correctly but fundamentally agree on how information should be interpreted. In ModelMisspec, I will develop a unified framework that links two approaches to modeling information processing biases. I plan to (i) develop a unified framework to model information processing biases, (ii) develop tools, both theoretical and empirical, that can be applied to the analysis of problems this framework, and (iii) bring this framework to bear on applied models to study to the role of biases in price…
From the public funding record at EU CORDIS. Describes the funded project, not the reviews below.