Year: 2023
Type: conference-abstract
Abstract: We consider an agent that repeatedly chooses among actions whose payoffs have an unknown distribution. This choice is taken using an average of robust control assessments, where each assessment takes a different structured model as the benchmark. We introduce endogeneity in the misspecification concern: the better the structured models explain the past, the less concerned the agent is.
Author: Giacomo Lanzani
Institution: Massachusetts Institute of Technology
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4383533415