Clippel, Geoffroy de; Rozen, Kareen - Cowles Foundation for Research in Economics, Yale University - 2012
Theories of bounded rationality are typically characterized over an exhaustive data set. How does one tell whether … identified about preferences? This paper aims to operationalize some leading bounded rationality theories when the available data … is limited, as is the case in most practical settings. We also point out that the recent bounded rationality literature …