Modeling Bounded Rationality by Ariel Rubinstein

Modeling Bounded Rationality

Ariel Rubinstein

208 pages first pub 1997 (editions)

nonfiction economics challenging informative reflective medium-paced
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Description

The notion of bounded rationality was initiated in the 1950's by Herbert Simon. In this book the author defines models of bounded rationality as those in which elements of the process of choice are explicitly embedded. The book focuses on the chal...

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