Barriers and bounds to rationality
Subtitle: essays on economic complexity and dynamics in interactive systems
By: Peter S. Albin ; edited with an introduction by Duncan K. Foley.
Contributors: Foley, Duncan K.
Series: Princeton studies in complexity
Publisher: Princeton University Press
Published: 1998
Place of publication: Princeton, N.J
Language: eng
Number of pages: 255
Subjects: Economics, Mathematical.; Statics and dynamics (Social sciences); Computational complexity.
Description: Peter Albin is known for his seminal work in applying the concepts of adaptive dynamical systems, first developed by biologists and physicists, to the study of economic systems. Barriers and Bounds to Rationality is a collection of his pathbreaking articles on the application of cellular automata and complexity theory to economic problems.

Duncan Foley provides a thoughtful introduction in which he reviews the disparate analytical sources of Albin's work in the theories of nonlinear dynamical systems, economic dynamics, cellular automata, linguistic and computational complexity, and bounded rationality.
Notes: Includes bibliographical references (p. 243-250) and index.