Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning … that possesses a self-confirming equilibrium in extensive-form rationalizable strategies. This notion of equilibrium can be …

We examine wage bargaining when employers and labor unions do not always take all general equilibrium effects into … account but learn a steady state. If agents do hardly consider general equilibrium effects, low real wages and low … unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and …

' behavior and no expected profit maximization. This individual decision-making model, naïve Impulse Balance Equilibrium or nIBE … the auction format and rationalizes: (i) Nash equilibrium bidding, (ii) (non-)monotone overbidding and (iii) fully cursed … equilibrium bidding. We fit this model to the available data and find that it explains median bids better than the Nash …

We introduce the concept of behavioral learning equilibrium (BLE) into a high dimensional linear framework and apply it …