'Satisficing equilibrium'

Name: 'Satisficing equilibrium'
Start: 2026-01-22T17:15:00+0000
End: 2026-01-22T17:15:00+0000

22 January 2026

Maison Française d'Oxford

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I will introduce a new equilibrium concept --- satisficing equilibrium --- that combines the analytic rigor of equilibrium analysis with insights from the literature on bounded rationality. To make it accessible, I will first revisit Nash equilibrium, the central concept in economic theory that assumes that agents behave optimally.