Modeling Bounded Rationality

Description

The notion of bounded rationality was initiated in the 1950s by Herbert Simon; only recently has it influenced mainstream economics. In this book, Ariel Rubinstein defines models of bounded rationality as those in which elements of the process of choice are explicitly embedded. The book focuses on the challenges of modelling bounded rationality, rather than on substantial economic implications.

In the first part of the book, the author considers the modelling of choice. After discussing some psychological findings, he proceeds to the modelling of procedural rationality, knowledge, memory, the choice of what to know, and group decisions.

In the second part, he discusses the fundamental difficulties of modelling bounded rationality in games. He begins with the modelling of a game with procedural rational players and then surveys repeated games with complexity considerations. He ends with a discussion of computability constraints in games. The final chapter includes a critique by Herbert Simon of the author's methodology and the author's response.

The Zeuthen Lecture Book series is sponsored by the Institute of Economics at the University of Copenhagen.




$$ Buy "Modeling Bounded Rationality" on Amazon $$

Please check the description for download links if any or do a search to find alternative books.

Can't Download?
Please search mirrors if you can't find download links for "Modeling Bounded Rationality" in "Description" and someone else may update the links. Check the comments when back to find any updates.

Search Mirrors
Maybe some mirror pages will be helpful, search this book at top of this page or click here to find more info.

1. Ebooks list page : 863
2. Modeling Bounded Rationality
3. Amos Tversky And Daniel Kahneman - Maps Of Bounded Rationality.P
4. Advances in Understanding Strategic Behaviour: Game Theory, Experiments and Bounded Rationality
5. Bounded Analytic Functions
6. Bounded Analytic Functions
7. Functions of a-Bounded Type in the Half-Plane
8. Functions of a-Bounded Type in the Half-Plane
9. Functions of a-Bounded Type in the Half-Plane
10. Rationality and Logic
11. Rationality and Logic
12. The Economics of Rationality
13. Rationality and Logic
14. Rationality and Logic
15. The Rationality of Induction
16. Behaviour and Rationality in Corporate Governance