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Does the behaviour of myopic addicts support the rational addiction model? : a simulation

Frank, Björn - 2002

Becker and Murphy (1988) constructed, in a well-known paper, a model of rational addiction in which people solve a dynamic optimization problem, choose an optimal timepath of drug consumption and thereby maximize lifetime utility. The model leads to the hypothesis that future consumption is a...

Persistent link: https://www.econbiz.de/10011436465

Rational imitation among producer firms : some insights from social psychology

Azarian, G. Reza - In: Human systems management : HSM 34 (2015) 4, pp. 301-310

Persistent link: https://www.econbiz.de/10011441548

The effects of direct storage subsidies under limited rationality : a general equilibrium analysis

Femenia, Fabienne - In: Agricultural economics : the journal of the … 46 (2015) 6, pp. 715-728

Persistent link: https://www.econbiz.de/10011411278

Cognitive ability and paternalism

Saint-Paul, Gilles - 2002

This paper analyses the welfare effects of price restrictions on private contracting in a world where agents have a limited cognitive ability. People compute the costs and benefits of entering a transaction with an error. The government knows the distribution of true costs and benefits as well...

Persistent link: https://www.econbiz.de/10011414080

Is bounded rationality a capacity, enabling learning?

Novarese, Marco - 2009

This papers contributes to the stream of research on rule based behavior, and rationality. A bounded rational agent can … Ecological rationality, yet, evidences the possible advantage of using a limited amount of information. The present paper takes a … hypothesis to be continuously tested. This vision of bounds and learning has many implications for the debate on rationality and …

Persistent link: https://www.econbiz.de/10011523697