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Accounting for Expectational and Structural Error in Binary Choice Problems: A Moment Inequality Approach

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NBER2013-09-01 更新2025-01-04 收录
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Many economic decisions involve a binary choice - for example, when consumers decide to purchase a good or when firms decide to enter a new market. In such settings, agents' choices often depend on imperfect expectations of the future payoffs from their decision (expectational error) as well as

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2013-09-01
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