Superstition and Rational Learning

S-Tier
Journal: American Economic Review
Year: 2006
Volume: 96
Issue: 3
Pages: 630-651

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We argue that some, but not all, superstitions can persist when learning is rational and players are patient, and illustrate our argument with an example inspired by the Code of Hammurabi. The code specified an "appeal by surviving in the river" as a way of deciding whether an accusation was true. According to our theory, a mechanism that uses superstitions two or more steps off the equilibrium path, such as "appeal by surviving in the river," is more likely to persist than a superstition where the false beliefs are only one step off the equilibrium path. (JEL C72, C73, D83, D84)

Technical Details

RePEc Handle
repec:aea:aecrev:v:96:y:2006:i:3:p:630-651
Journal Field
General
Author Count
2
Added to Database
2026-01-25