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: 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.
(7902 views)
Book cover: Studies in Process Analysis: Economy-Wide Production CapabilitiesStudies in Process Analysis: Economy-Wide Production Capabilities
by - John Wiley & Sons
The studies in this monograph analyze the production capabilities of industries and of the industrial complexes. Models of technology are employed to answer questions concerning the product mixes achievable with various combinations of resources.
(5221 views)
Book cover: The Theory of the Leisure ClassThe Theory of the Leisure Class
by - eBooks@Adelaide
Classic of economic and social theory offers a satiric examination of the hollowness and falsity suggested by the term 'conspicuous consumption', exposing the emptiness of many cherished standards of taste, education, dress, and culture.
(5587 views)
Book cover: Mathematical Methods for Economic Theory: a tutorialMathematical Methods for Economic Theory: a tutorial
by - University of Toronto
This tutorial covers the basic mathematical tools used in economic theory. The main topics are multivariate calculus, concavity and convexity, optimization theory, differential and difference equations. Knowledge of elementary calculus is assumed.
(10940 views)