Lasselle, Laurence (contributor); … - 2007
bifurcation when the steady state is unstable.
JEL Codes: C62, D84, E30.
Keywords: Bounded rationality, Cobweb model, Flip … methods exceeds the extra cost of these. According to
proponents
8
of Bounded Rationality Theory, such as Simon (1957) or … would exceed the extra
7
The reference to bounded rationality is quite …