Information Processing and Bounded Rationality: A Survey
AbstractThis paper surveys some recent attempts to formulate a plausible and tractable model of bounded rationality. I focus in particular on models which view bounded rationality as stemming from limited information processing. I discuss computability, partitional models (such as automata, perceptrons, and optimal networks), nonpartitional models, and axiomatic approaches
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Bibliographic InfoPaper provided by Queen's University, Department of Economics in its series Working Papers with number 872.
Length: 40 pages
Date of creation: Jan 1993
Date of revision:
Other versions of this item:
- Barton L. Lipman, 1995. "Information Processing and Bounded Rationality: A Survey," Canadian Journal of Economics, Canadian Economics Association, vol. 28(1), pages 42-67, February.
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