Modeling Bounded Rationality

by Ariel Rubinstein

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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.

In the first part of the book, the author considers...

Format:Paperback

Language:English

ISBN:0262681005

ISBN13:9780262681001

Release Date:December 1997

Publisher:MIT Press

Length:220 Pages

Weight:0.82 lbs.

Dimensions:0.6" x 5.8" x 8.8"

Age Range:18 years and up

Grade Range:Postsecondary and higher

Related Subjects

Behavioral Psychology Behavioral Sciences Business & Investing Cognitive Psychology Economics Education & Reference Health, Fitness & Dieting Health, Fitness & Dieting Motivational Popular Economics Psychology Psychology & Counseling Reference Self-Help

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Modeling Bounded Rationality

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