What is Bounded Rationality? Paper prepared for the Dahlem Conferen

The paper deals with bounded rationality understood in the tradition of H.A. Simon. Fundamental problems and theoretical issues are discussed. Special emphasis is put on aspiration adaptation theory. Further remarks concern basic models of decision behavior (like learning and expectation formation), reasoning, and the connection between bounded rationality and motivation.

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Year of publication:	1999-05
Authors:	Selten, Reinhard
Institutions:	University of Bonn, Germany
Subject:	Bounded rationality \| learning \| aspiration adaptation theory

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Series:	Discussion Paper Serie B.
Type of publication:	Book / Working Paper
Classification:	C91 - Laboratory, Individual Behavior ; D83 - Search, Learning, Information and Knowledge
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004968210