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Results tagged with bounded-rationality
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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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What are the recent advancements in building a unified theory of bounded rationality?
One recent paper that is being positioned as a very wide-ranging theory of bounded rationality (although certainly it doesn't come close to capturing every insight in the field) is Gabaix's forthcomin …
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