Güth, Werner; Kliemt, Hartmut; Peleg, Bezalel - Sonderforschungsbereich 373, Quantifikation und … - 1998
In standard rational choice modelling decisions are made according to given information and preferences. In the model presented here the 'information technology' of individual decision makers as well as their preferences evolve in a dynamic process. In this process decisions are made rationally...