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Bounded Rationality
ISBN-13:
9781788212595
Veröffentl:
2020
Einband:
Web PDF
Seiten:
0
Autor:
Graham Mallard
Serie:
The Economy Key Ideas
eBook Typ:
PDF
eBook Format:
EPUB
Kopierschutz:
2 - DRM Adobe
Sprache:
Englisch
Beschreibung:
Understanding how we take economic decisions and how we depart from rational choice theory has become increasingly important to understanding the workings of the economy at all levels. The concept of bounded rationality has been central to that endeavour and is used in economic models to shed light on real-life behaviour, which has led to specific policy implications that would otherwise have gone unappreciated.
1. Different conceptions of decision-making2. A brief history3. Good enough4. Optimization with additional constraints5. Reflections on the storyGlossary
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