Models Of Bounded Rationality And Mechanism Design
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The notion of bounded rationality was initiated in the 1950s by Herbert Simon; only recently has it influenced mainstream economics. In this book, Ariel Rubinst
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This book investigates the ways in which social norms and bounded rationality shape different contracts in the real world. It brings into focus existing researc
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Ît then rigorously analyses each model in the tradition of microeconomic theory, leading to a richer, more realistic picture of consumer behavior. Ran Spiegler