Selective-Memory Equilibrium
研究了人们更易记住某些经历而遗忘其他经历时，如何更新信念并形成长期行为均衡，为理解记忆偏差的经济后果提供了理论框架。
We study agents who are more likely to remember some experiences than others but update beliefs as if the experiences they remember are the only ones that occurred. To understand the long-run effects of selective memory, we propose selective-memory equilibrium. We show that if the agent’s behavior converges, their limit strategy is a selective-memory equilibrium, and we provide a sufficient condition for behavior to converge. We use this equilibrium concept to explore the consequences of several well-documented biases. We also show that there is a close connection between selective-memory equilibria and the outcomes of misspecified learning.