Modeling Bounded Rationality (Paper)

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9780262681001: Modeling Bounded Rationality (Paper)

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.

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Ariel Rubinstein
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ISBN 10 : 0262681005 ISBN 13 : 9780262681001
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Description du livre The MIT Press, 1997. Paperback. État : New. N° de réf. du libraire SONG0262681005

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Rubinstein, Ariel
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Description du livre The MIT Press, 1997. Paperback. État : New. N° de réf. du libraire mon0000142571

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Ariel Rubinstein
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Ariel Rubinstein
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Description du livre MIT Press Ltd, United States, 1998. Paperback. État : New. 226 x 150 mm. Language: English . Brand New Book. 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. N° de réf. du libraire AAH9780262681001

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Ariel Rubinstein
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Description du livre MIT Press Ltd, United States, 1998. Paperback. État : New. 226 x 150 mm. Language: English . Brand New Book. 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. N° de réf. du libraire AAH9780262681001

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Description du livre 1998. PAP. État : New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. N° de réf. du libraire TM-9780262681001

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Ariel Rubinstein
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Description du livre MIT Press, 1998. PAP. État : New. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. N° de réf. du libraire WM-9780262681001

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Ariel Rubinstein
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Description du livre MIT Press Ltd, United States, 1998. Paperback. État : New. 226 x 150 mm. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. 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. N° de réf. du libraire BTE9780262681001

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Ariel Rubinstein
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Description du livre The MIT Press, 1997. Paperback. État : New. book. N° de réf. du libraire 0262681005

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Ariel Rubinstein
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Description du livre 1997. Paperback. État : New. 148mm x 15mm x 223mm. Paperback. 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 c.Shipping may be from multiple locations in the US or from the UK, depending on stock availability. 220 pages. 0.345. N° de réf. du libraire 9780262681001

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