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Bounded Rationality in Individual Decision Making
Paper Number: 1029
Date: 03/01/1998
Authors:
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.
Paper Length: 29 pages
Paper: wp1029.pdf