Bounded Rationality in Economics and Finance
Language: en
Pages: 197
Authors: Christian Richter
Categories: Capital market
Type: BOOK - Published: 2008 - Publisher: LIT Verlag Münster

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The dominant hypothesis in mainstream economics is the assumption of prefect rationality. However, there are two dilemmas: Whenever this assumption was used emp
Models of Bounded Rationality
Language: en
Pages: 336
Authors: Univ Of Chicago
Categories: Business & Economics
Type: BOOK - Published: 1997-07 - Publisher: Mit Press

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Offering alternative models based on such concepts as satisficing(acceptance of viable choices that may not be the undiscoverableoptimum) and bounded rationalit
Bounded Rationality
Language: en
Pages: 404
Authors: Gerd Gigerenzer
Categories: Business & Economics
Type: BOOK - Published: 2002-07-26 - Publisher: MIT Press

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In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational deci
Bounded Rationality and Behavioural Economics
Language: en
Pages: 141
Authors: Graham Mallard
Categories: Business & Economics
Type: BOOK - Published: 2015-08-14 - Publisher: Routledge

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Economics Nobel Laureate Herbert Simon developed the concept of bounded rationality in the 1950s. This asserts that the cognitive abilities of human decision-ma
Bounded Rationality and Industrial Organization
Language: en
Pages: 235
Authors: Ran Spiegler
Categories: Business & Economics
Type: BOOK - Published: 2011-02-18 - Publisher: OUP USA

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Ît then rigorously analyses each model in the tradition of microeconomic theory, leading to a richer, more realistic picture of consumer behavior. Ran Spiegler