allocations is not rejected in models that allow more than two household members to have agency in decision-making. In contrast … decision-making within complex households.Institutional subscribers to the NBER working paper series, and residents of …

-consistent expectations. This implicitly assumes unrealistic cognitive abilities on the part of economic decision makers. The relevant … question, however, is not whether the assumption can be literally correct, but how much it would matter to model decision … problems such as chess or go, in which decision makers look ahead only a finite distance into the future, and use a value …