Arbeitspapier
Boundedly Rational Decision Emergence - A General Perspective and Some Selective Illustrations
A general framework is described specifying how boundedly rational decision makers generate their choices. Starting from a Master Module which keeps an inventory of previously successful and unsuccessful routines several submodules can be called forth which either allow one to adjust behavior (by Learning Module and Adaptation Procedure) or to generate new decision routines (by applying New Problem Solver). Our admittedly bold attempt is loosely related to some stylized experimental results.
- Language
-
Englisch
- Bibliographic citation
-
Series: CESifo Working Paper ; No. 330
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Güth, Werner
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2000
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Güth, Werner
- Center for Economic Studies and ifo Institute (CESifo)
Time of origin
- 2000
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