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The emergence of heuristics, sophisticated behavior—such as higher levels of Theory of Mind—and substantive rationality … environmental niches other heuristics such as maxmin or maximization of joint payoffs to players. An intriguing finding is that …
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, individuals are viewed as bounded rational actors who, because of cognitive limitations, use simple heuristics that are successful …
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Written in an informal way, this book is addressed to philosophers or cognitive scientists curious of how economics deals with cognition and to graduate students in economics eager to discover how economics evolves. It aims at extending the framework of game theory in order to better fit with...
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, individuals are viewed as bounded rational actors who, because of cognitive limitations, use simple heuristics that are successful …
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