Modeling Bounded Rationality
by Ariel Rubinstein
Publisher: The MIT Press 1997
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.
Download or read it online for free here:
Download link
(1.3MB, PDF)
Similar books
Mathematical Methods for Economic Theory: a tutorialby Martin J. Osborne - 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.
(22595 views)
The Anti-Capitalistic Mentalityby Ludwig Von Mises - Libertarian Press
The author searches for the roots of the common anti-capitalist bias. What makes so many people unhappy in the private property order? In such a system, the failures need a scapegoat. People whose ambitions have not been satisfied blame the system.
(20742 views)
The Origin and the Evolution of Firms: Information as a Driving Forceby J. A. Roels - 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.
(8613 views)
The Ultimate Foundation of Economic Scienceby Ludwig von Mises - Liberty Fund Inc.
Mises argues that economics is a science because human action is a natural order of life and that it is the actions of humans that determine markets and capital decisions. This book brings together all of the themes from Mises's previous work.
(19596 views)