num_pages: 208
description: 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.
language: English
title: Modeling Bounded Rationality
titlecomplete: Modeling Bounded Rationality (Zeuthen Lecture Book Series)
genres: Economics
ratings_count: 15
publisher: Mit Pr