We examine the role of off-path “superstitions” in macro-economics, and show how a false belief about off-path play is the key element underlying both the Lucas Critique and the game-theoretic concept of self-confirming equilibrium. However, the impact of false beliefs in these two cases is different: In the Lucas case, a policy maker’s incorrect beliefs about off-path play can lead to the adop...

In a self-confirming equilibrium, each player correctly forecasts the actions that opponents will take along the equilibrium path, but may be mistaken about the way that opponents would respond to deviations. This paper develops a refinement of self-confirming equilibrium in which players use information about opponents’ payoffs in forming beliefs about the way that opponents play off of the eq...

In a self-confirming equilibrium, each player correctly forecasts the actions that opponents will take along the equilibrium path, but may be mistaken about the way that opponents would respond to deviations. This paper develops a refinement of self-confirming equilibrium in which players use information about opponents’ payoffs in forming beliefs about the way that opponents play off of the eq...

let $varphi(z)=z^m, z in mathbb{u}$, for some positive integer $m$, and $c_varphi$ be the composition operator on the bergman space $mathcal{a}^2$ induced by $varphi$. in this article, we completely determine the point spectrum, spectrum, essential spectrum, and essential norm of the operators $c^*_varphi c_varphi, c_varphi c^*_varphi$ as well as self-commutator and anti-self-commutators of $c_...

a familiar criticism of kant, made by hegel and his followers, j .s. mill and others, is that there are no maxims that are in fact contradictory, as required for morality on kant's view. in this paper, i discuss the suggestion that our capacity for rational reflection itself implies universality, and that it is this universality that obliges us to act morally. i consider the idea that self...