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: Capital as Power: A Study of Order and CreorderCapital as Power: A Study of Order and Creorder
by - Routledge
The authors address the old theoretical conundrum in political economy -- the theory of capital -- with a view to supplying a more satisfactory answer to the question 'what is capital?' The work fits into the tradition of radical political economy.
(10637 views)
Book cover: Historical Economics: Art or Science?Historical Economics: Art or Science?
by - University of California Press
The essays cover a range of historical periods and also include European history and explorations of long-run changes in the American economy. Economists and historians will consult this powerful argument for the importance of historical economics.
(12864 views)
Book cover: The Economics of Food and Agricultural MarketsThe Economics of Food and Agricultural Markets
by - New Prairie Press
This book is written for applied intermediate microeconomics courses. It showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, international trade, and natural resource sectors.
(6263 views)
Book cover: The Theory of the Leisure ClassThe Theory of the Leisure Class
by
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.
(8584 views)