'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

Similar events

Workshop 'Empire, Money and Power (France, Great-Britain during the long 18th century)'

01 October

Convened by François-Joseph Ruggiu (Sorbonne Université/CNRS) & Perry Gauci (Lincoln College, Oxford)

International Conference 'La voix entre corps et langages'

05 October

Convened by Michael Abecassis (Christ Church, University College, & Wadham College, Oxford) & Maribel Peñalver Vicea (Universidad de Alicante)

As part of the ‘Perspectives from the MFO’ Lecture Series

Bary Pradelski (MFO)

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.