Sorry, you do not have access to this eBook
A subscription is required to access the full text content of this book.
Metrics
Views
122
In This Chapter
-
Deliberation Cost as a Foundation for Behavioral Economics
- A Canonical Decision Problem
- Nonbehavioral Choice Theory
- Behavioral Choice Theory
- The as-if Hypothesis
- Transactions Costs and Deliberation Costs: A Parallel
- Models of Bounded Rationality
- Conlisk’s Deliberation Technology
- Simon’s Behavioral Model of Rational Choice
- Day’s Recursive Programming
- Lippman and McCall’s Search Model and Bayesian Updating
- Roth and Erev’s Reinforcement Learning
- Explaining Observed Decision Processes as Responses to Deliberation Cost
- Deliberation Cost, Organization, and Social Interaction
- Conclusion
- References
Abstract
Once one introduces into the subjective expected utility maximization Eden the snake of boundedness, it becomes difficult to find a univocal meaning of rationality, hence a unique theory of how people will, or should, decide. Economics, and the social sciences generally, will never have the certainty of natural science.
Other ways to access this content:
Email to request access
Purchase this book
Related chapters
Search for more...
© Informa UK Limited, an Informa Group Company
Home | About RHO | Collections
| Free trial
| How to buy
| Promotions
| Contact us | Help & FAQs
Librarian resources
| Privacy policy
| Cookies
| Terms & conditions
