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: Principles of EconomicsPrinciples of Economics
by - 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.
(29498 views)
Book cover: Economics and LanguageEconomics and Language
by - 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.
(17557 views)
Book cover: Efficiency and Externalities in an Open-Ended UniverseEfficiency and Externalities in an Open-Ended Universe
by - 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.
(12840 views)
Book cover: Capital and ProductionCapital and Production
by - 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.
(15349 views)