Cao, Cung, Economics, Australian School of Business, UNSW - 2007
The purpose of this thesis is to illustrate how the role of knowledge may be themissing link in economics and to argue … imperfect knowledge. Thisdecomposition of bounded rationality makes it possible for us to operationalizebounded rationality … considered toodifficult to formalize.The inclusion of asymmetric and imperfect knowledge considerations inmicroeconomics provides …