Dong, Xue; Minford, Patrick; Meenagh, David; Yang, Xiaoliang - 2023
-makers to assess the degree to which economic agents are boundedly rational and understand how the bounded rationality affects … the monetary rules in stabilising the economy. We investigate the empirical evidence for the bounded rationality in a …. Overall, comparing the estimated models favours the bounded rationality framework. The results show that bounded rationality …