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Rational Inattention Via Ignorance Equivalence

Armenter, Roc - 2020

We present a novel approach to finite Rational Inattention (RI) models based on the ignorance equivalent, a fictitious action with state-dependent payoffs that effectively summarizes the optimal learning and conditional choices. The ignorance equivalent allows us to recast the RI problem as a...

Persistent link: https://www.econbiz.de/10012843760

Herbert Simon : Racionalidad Limitada Y Mercados Financieros Eficientes. (Herbert Simon: Limited Rationality and Financial Efficient Markets)

Guedez Calderín, Orlando - 2015

venderse).English Abstract: The concept of bounded rationality issued by the Nobel Prize for Economics. Herbert Simon (1916 … rationality may solve the puzzle of dividends: why companies keep on paying taxable dividends instead of retaining profits to add …

Persistent link: https://www.econbiz.de/10013027911

Ökonomische Rationalität zwischen Ideal und Illusion

Kettner, Matthias (ed.); Priddat, Birger P. (ed.) - Deutsche Gesellschaft für Philosophie / Arbeitsgruppe … - 2022

Persistent link: https://www.econbiz.de/10012622154

The psychological foundations of rational ignorance : biased heuristics and decision costs

Taylor, Brad - In: Constitutional political economy 31 (2020) 1, pp. 70-88

Persistent link: https://www.econbiz.de/10012223743

Refounding law and economics : behavioral support for the predictions of standard economic analysis

Zamir, Eyal - In: Review of law and economics : publ. in cooperation with … 16 (2020) 2, pp. 1-35

Persistent link: https://www.econbiz.de/10012299532

Similarity-based mistakes in choice

Payró, Fernando; Ülkü, Levent - In: Journal of mathematical economics 61 (2015), pp. 152-156

Persistent link: https://www.econbiz.de/10011573830

Survey : rational inattention, a disciplined behavioral model

Maćkowiak, Bartosz; Matejka, Filip; Wiederholt, Mirko - 2018

Persistent link: https://www.econbiz.de/10012000539

Heuristics and public policy : decision making under bounded rationality

Dhami, Sanjit S.; Al-Nowaihi, Ali; Sunstein, Cass R. - 2018

How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality … rationality, with particular emphasis on growing formalization of those departures, which add necessary precision. We also explore … the relationship between bounded rationality and libertarian paternalism, or nudges, and show that some recent objections …

Persistent link: https://www.econbiz.de/10011926917

Heuristics and public policy : decision-making under bounded rationality

Dhami, Sanjit S.; Al-Nowaihi, Ali; Sunstein, Cass R. - In: Studies in microeconomics 7 (2019) 1, pp. 7-58

Persistent link: https://www.econbiz.de/10012159959

A classroom experiment on the causes and forms of bounded rationality in individual choice

Bennato, Anna Rita; Gourlay, Adrian R.; Wilson, Christopher - In: The journal of economic education : JEE 51 (2020) 1, pp. 31-41

Persistent link: https://www.econbiz.de/10012198874