2 papers
econ.TH2026
Complexity and Misspecification
Drew Fudenberg, Florian Mudekereza
We propose a tractable model of repeated decision problems that combines concern about model misspecification, as in robust control, with a complexity cost, such as Shannon entropy…
econ.GN2026
Model Restrictiveness in Functional and Structural Settings
Drew Fudenberg, Wayne Yuan Gao, Zhiheng You
We extend the restrictiveness measure of Fudenberg, Gao & Liang (2026) to functional and structural econometric settings using Gaussian process priors. We find that models evaluate…