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Date
23 mars 2025
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- 2503.18024
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Learning process Economic theory Political economy Scholarship LearningCiter ce document
Sebastian Bervoets et al., « Non-Bayesian Learning in Misspecified Models », arXiv - économie
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Deviations from Bayesian updating are traditionally categorized as biases, errors, or fallacies, thus implying their inherent ``sub-optimality.'' We offer a more nuanced view. We demonstrate that, in learning problems with misspecified models, non-Bayesian updating can outperform Bayesian updating.
