Modeling Bounded Rationality PDF Download. Download free ebook of Modeling Bounded Rationality in PDF format or read online by Ariel Rubinstein 9780262681001 Published on 1998 by MIT Press
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.
This Book was ranked at 41 by Google Books for keyword Game Theory.
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Book which was published by MIT Press since 1998 have ISBNs, ISBN 13 Code is 9780262681001 and ISBN 10 Code is 0262681005
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