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Boundedly Rational Qualitative Reasoning on Comparative Statics

In: Advances in Understanding Strategic Behaviour

Author

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  • Reinhard Selten

Abstract

The purpose of this chapter is to throw light on the structure of verbal economic reasoning as we find it in newspaper articles on questions of economic policy, or in the non-mathematical economic literature. Presumably, the thinking of practical decision-makers in business and public administration has a similar structure. A better understanding of this structure seems to be important for the development of a realistic theory of boundedly rational economic behaviour.

Suggested Citation

  • Reinhard Selten, 2004. "Boundedly Rational Qualitative Reasoning on Comparative Statics," Palgrave Macmillan Books, in: Steffen Huck (ed.), Advances in Understanding Strategic Behaviour, chapter 1, pages 1-8, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52337-1_1
    DOI: 10.1057/9780230523371_1
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    Cited by:

    1. Werner Güth & Matteo Ploner, 2017. "Mentally perceiving how means achieve ends," Rationality and Society, , vol. 29(2), pages 203-225, May.

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