Modeling Bounded Rationality

by Ariel Rubinstein

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.

Genres: Economics

208 pages, Hardcover

First published January 1, 1997

About the author

http://en.wikipedia.org/wiki/Ariel_Ru...