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Our analysis points out that the underlying mechanism driving ex-ante strategical decisions is diversity seeking. Finally, we show that, even if robust with respect to strategy selection, strong under-reaction can generate low realized welfare levels because of a long transient phase in which the agent makes poor predictions. <\/jats:p>","DOI":"10.1142\/s0219525922500047","type":"journal-article","created":{"date-parts":[[2022,5,12]],"date-time":"2022-05-12T15:49:21Z","timestamp":1652370561000},"source":"Crossref","is-referenced-by-count":2,"title":["STRATEGICALLY BIASED LEARNING IN MARKET INTERACTIONS"],"prefix":"10.1142","volume":"25","author":[{"ORCID":"https:\/\/orcid.org\/0000-0003-2565-4732","authenticated-orcid":false,"given":"GIULIO","family":"BOTTAZZI","sequence":"first","affiliation":[{"name":"Institute of Economics & Department EMbeDS, Scuola Superiore Sant\u2019Anna, Piazza Martiri della Libert\u00e0 33, 56127 Pisa, Italy"}]},{"given":"DANIELE","family":"GIACHINI","sequence":"additional","affiliation":[{"name":"Institute of Economics & Department EMbeDS, Scuola Superiore Sant\u2019Anna, Piazza Martiri della Libert\u00e0 33, 56127 Pisa, Italy"}]}],"member":"219","published-online":{"date-parts":[[2022,6,13]]},"reference":[{"key":"S0219525922500047BIB001","first-page":"15","volume-title":"The Economy as an Evolving Complex System II","author":"Arthur W. 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