| #1858904 in Books | MIT Press | 1997-12-26 | Ingredients: Example Ingredients | Original language:English | PDF # 1 | 8.90 x.40 x5.90l,.76 | File type: PDF | 208 pages||8 of 8 people found the following review helpful.| Insightful, but less economics and more psychology|By Jeffrey Franson|Very well written in terms of technical coverage and originality of modelling bounded rationality and its application to game theory. However, the author develops most of his theories from either assumption and speculation or no justification at all in terms of formally depicting human rationality. It would|About the Author|Ariel Rubinstein is Professor of Economics at Tel Aviv University and New York University.
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 c...
You can specify the type of files you want, for your device.Modeling Bounded Rationality | Ariel Rubinstein. Just read it with an open mind because none of us really know.
