Questions tagged [bounded-rationality]
Analysis in which the ability of agents act rationally is constrained in one or more respects. Commonly employed in behavioural economics.
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Topological concepts in economic theory
QUESTION: What are the major or systematic applications of post-1960s mathematics to microeconomics?
For example, in the late 19th century, Fisher first used the mathematical ideas of Gibbs to ...
user218
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Bounded rationality with Quantal Response Equilibrium model for an Extensive Form game
I am working on my Master thesis based on bounded rationality in behavioral game theory models, I wanted to know if QRE(Quantal Response Equilibrium) can be applied to games where players have ...