Econometrica Volume 93, Issue 4 (July 2025) is now online
www.econometricsociety.org/publications...

@giacomolanzani.bsky.social shows that agents who make repeated choices and fear misspecification develop uncertainty attitudes (SEU, robust, maxmin) based on how they evaluate their model fit. This explains reactions to complex tax schedules and monetary policy cycles. https://buff.ly/4aTqV9R