Logo

Modeling Bounded Rationality

Large book cover: Modeling Bounded Rationality

Modeling Bounded Rationality
by

Publisher: The MIT Press
ISBN/ASIN: 0262681005
ISBN-13: 9780262681001
Number of pages: 220

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 modeling bounded rationality, rather than on substantial economic implications.

Home page url

Download or read it online for free here:
Download link
(1.3MB, PDF)

Similar books

Book cover: Discovering Artificial EconomicsDiscovering Artificial Economics
by - Westview Press
This is an informal and revealing introduction to the ideas of modern systems theory and self-organization as they apply to problems in the economic realm. David Batten interleaves anecdotes and stories with technical discussions.
(10207 views)
Book cover: The Origin and the Evolution of Firms: Information as a Driving ForceThe Origin and the Evolution of Firms: Information as a Driving Force
by - IOS Press
This book develops a consistent theory of evolution in its wider sense. The author of the book traces a continuous line of evolving information sets that connect the Big-Bang to the firms and markets of our current socio-economic system.
(2945 views)
Book cover: Capital and Its StructureCapital and Its Structure
by - Ludwig von Mises Institute
A robust theory of capital that incorporates an Austrian understanding of the business cycle and the market process. This book remains a seminal study written while the author was at the height of his intellectual powers.
(10847 views)
Book cover: Principles of EconomicsPrinciples of Economics
by - Flat World Knowledge
The authors teach economics as the study of 'choice' by providing students with an accessible, straightforward overview of economics. Rittenberg and Tregarthen help students to understand how real individuals actually work with economics.
(23042 views)