Ars Mathematica

Ariel Rubinstein has made his book, Modeling Bounded Rationality, available online. Economic models tend to assume that humans are mistake-free calculating machines; economists have tried to introduce more realistic assumptions under the banner of bounded rationality. This is a far-from-settled problem, mainly because there are more ways to be wrong than there are to be right.

This entry was posted on Tuesday, September 26th, 2006 at 10:57 pm and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.