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What is Bounded Rationality? Paper prepared for the Dahlem Conferen

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Author Info

  • Selten, Reinhard

Abstract

The paper deals with bounded rationality understood in the tradition of H.A. Simon. Fundamental problems and theoretical issues are discussed. Special emphasis is put on aspiration adaptation theory. Further remarks concern basic models of decision behavior (like learning and expectation formation), reasoning, and the connection between bounded rationality and motivation.

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Bibliographic Info

Paper provided by University of Bonn, Germany in its series Discussion Paper Serie B with number 454.

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Length: pages
Date of creation: May 1999
Date of revision:
Handle: RePEc:bon:bonsfb:454

Contact details of provider:
Postal: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany
Fax: +49 228 73 6884
Web page: http://www.bgse.uni-bonn.de/index.php?id=517

Related research

Keywords: Bounded rationality; learning; aspiration adaptation theory;

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Cited by:
  1. Marco Novarese & Salvatore Rizzello, 2003. "Satisfaction and Learning: an experimental game to measure happiness," Microeconomics 0306004, EconWPA.
  2. 岡田, 章, 2007. "ゲーム理論の歴史と現在 : 人間行動の解明を目指して," Discussion Papers 2007-01, Graduate School of Economics, Hitotsubashi University.

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