Forms of Bounded Rationality in Economic Theory
Fabio Tramontana
Broschiertes Buch

Forms of Bounded Rationality in Economic Theory

Economics without homo economicus

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According to the New Palgrave Dictionary of Economics the term Bounded Rationality can be defined as "...rational choice that takes into account the cognitive limitations of the decision-maker - limitations of both knowledge and computational capacity". This definition is given by the Nobel laureate Herbert Simon. This book deals with the possible consequences in economic theory of the Bounded Rationality hypothesis. In part I the idea of Bounded Rationality is applied to the consumption theory while in part II oligopoly markets with boundedly rational firms are analyzed. At last, in part III,...