Modeling Bounded Rationality

preview-18
  • Modeling Bounded Rationality Book Detail

  • Author : Ariel Rubinstein
  • Release Date : 1998
  • Publisher : MIT Press
  • Genre : Business & Economics
  • Pages : 226
  • ISBN 13 : 9780262681001
  • File Size : 3,3 MB

Modeling Bounded Rationality by Ariel Rubinstein PDF Summary

Book 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. In the first part of the book, the author considers the modeling of choice. After discussing some psychological findings, he proceeds to the modeling of procedural rationality, knowledge, memory, the choice of what to know, and group decisions.In the second part, he discusses the fundamental difficulties of modeling bounded rationality in games. He begins with the modeling of a game with procedural rational players and then surveys repeated games with complexity considerations. He ends with a discussion of computability constraints in games. The final chapter includes a critique by Herbert Simon of the author's methodology and the author's response. The Zeuthen Lecture Book series is sponsored by the Institute of Economics at the University of Copenhagen.

Disclaimer: www.yourbookbest.com does not own Modeling Bounded Rationality books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Modeling Bounded Rationality

Modeling Bounded Rationality

File Size : 98,98 MB
Total View : 2885 Views
DOWNLOAD

The notion of bounded rationality was initiated in the 1950s by Herbert Simon; only recently has it influenced mainstream economics. In this book, Ariel Rubinst

Models of Bounded Rationality

Models of Bounded Rationality

File Size : 40,40 MB
Total View : 8134 Views
DOWNLOAD

Offering alternative models based on such concepts as satisficing(acceptance of viable choices that may not be the undiscoverableoptimum) and bounded rationalit

Models of My Life

Models of My Life

File Size : 28,28 MB
Total View : 706 Views
DOWNLOAD

In this candid and witty autobiography, Nobel laureate Herbert A. Simon looks at his distinguished and varied career, continually asking himself whether (and ho

Bounded Rationality

Bounded Rationality

File Size : 32,32 MB
Total View : 8880 Views
DOWNLOAD

In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational deci

Bounded Rationality

Bounded Rationality

File Size : 36,36 MB
Total View : 4233 Views
DOWNLOAD

Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government. Bounded rationalit