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Bounded Rationality in Individual Decision Making

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Author Info
Camerer, Colin

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Abstract

My goals in this paper are: (i) To give a pithy, opinionated summary of what has been learned about bounded rationality in individual decision making from experiments in economics and psychology (drawing on my 1995 Handbook of Experimental Economics chapter); and (ii) mention some promising new directions for research which would be included if that chapter were written today.

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File URL: http://www.hss.caltech.edu/SSPapers/wp1029.pdf
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Publisher Info
Paper provided by California Institute of Technology, Division of the Humanities and Social Sciences in its series Working Papers with number 1029.

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Length: 29 pages
Date of creation: Mar 1998
Date of revision:
Publication status: Published: Experimental Economics, 1998
Handle: RePEc:clt:sswopa:1029

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Postal: Working Paper Assistant, Division of the Humanities and Social Sciences, 228-77, Caltech, Pasadena CA 91125
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