Modeling Bounded Rationality
by Ariel Rubinstein
Publisher: The MIT Press 1997
Number of pages: 220
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.
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by Libby Rittenberg, Timothy Tregarthen - University of Minnesota
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.
by Ariel Rubinstein - Cambridge University Press
Five essays investigating both the economics of language and the language of economics. The author touches on the structure of binary relations in daily language, the evolutionary development of the meaning of words, and more.
by Roy Cordato - Ludwig von Mises Institute
This important book is a thorough and extensive study, in which Cordato shows that there is no standard by which we can judge efficiency apart from the market standard, and no way to adjudicate property rights apart from exchange relationships.
by Richard von Strigl - Mises Institute
Strigl's important work is translated to English. The book links Eugen von Böhm-Bawerk's production theory and Mises's business cycle theory, and gives a pathbreaking account of the role of consumers' goods within the structure of production.