modeling bounded rationality. ( zeuthen lecture book series, karl gunnar persson, editor )

rubinstein, ariel

ISBN 10: 0262681005 / ISBN 13: 9780262681001

Published by the MIT press, cambridge, massachusetts / london, england, 1998

About this Item

oktav paperback. gutes - sehr gutes exemplar. schwarz-orangene / gelb-illustrierte original broschur, 208 seiten mit zahlreichen mathematischen gleichungen und schaubildern, einband altersbedingt teilweise minimal berieben / leicht gerändert sonst in gutem zustand, innen sehr gut / tadellos I black-orange / yellow-illustrated original paperback, 208 pages with numerous mathematical equations and diagrams, cover partly slightly rubbed / slightly edged due to age, otherwise in good condition, inside very good / immaculate 600 Gramm. Seller Inventory # 067792

Bibliographic Details

Title: modeling bounded rationality. ( zeuthen ...

Publisher: the MIT press, cambridge, massachusetts / london, england

Publication Date: 1998

Binding: Paperback

Condition: Sehr gut

Edition: 2.printing.

About this title

Synopsis:

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.

Synopsis:

The notion of bounded rationality was initiated in the 1950's by Herbert Simon. In this book the author 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 modelling bounded rationality, rather than on substantial economic implications. In the first part of the book the author considers the modelling of choice. After discussing some psychological findings, he proceeds to the modelling of procedural rationality, knowledge, memory, the choice of what to know and group decisions. In the second part, he discusses the fundamental difficulties of modelling bounded rationality in games. He begins with the modelling 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.