Memory, expectation formation and scheduling choices
نویسندگان
چکیده
منابع مشابه
Memory, expectation formation and scheduling choicesI
Limited memory capacity, retrieval constraints and anchoring are central to expectation formation processes. We develop a model of adaptive expectations where individuals are able to store only a finite number of past experiences of a stochastic state variable. Retrieval of these experiences is probabilistic and subject to error. We apply the model to scheduling choices of commuters and demonst...
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ژورنال
عنوان ژورنال: Economics of Transportation
سال: 2015
ISSN: 2212-0122
DOI: 10.1016/j.ecotra.2015.09.001