A boundedly rational decision algorithm

American Economic Review

Volumn 90, Issue 2, 2000, Pages 433-438

  Gabaix, Xavier ^a   Laibson, David ^b  

^a MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^b HARVARD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0007247305     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.90.2.433     Document Type: Article

References (8)

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2. Camerer, Colin; Johnson, E. J.; Rymon, T. and Sen, S. "Cognition and Framing in Sequential Bargaining for Gains and Losses," in Ken Binmore, Alan Kirman, and P. Tani, eds., Frontiers of game theory. Cambridge, MA: MIT Press, 1994, pp. 27-47.
3. Conlisk, John. "Why Bounded Rationality?" Journal of Economic Literature, June 1996, 34(2), pp. 669-700.
4. Erev, Ido and Roth, Alvin. "Predicting How People Play Games." American Economic Review, September 1998, 88(2), pp. 848-81.
5. Gabaix, Xavier and Laibson, David. "A Positive Theory of Bounded Rationality." Mimeo, Massachusetts Institute of Technology, 1999.
6. Kahneman, Daniel and Tversky, Amos. "Judgment Under Uncertainty: Heuristics and Biases." Science, 27 September 1974, 185(4157), pp. 1124-31.
7. Simon, Herbert. "A behavioral model of rational choice." Quarterly Journal of Economics, February 1955, 69(1), pp. 99-118.
8. Thaler, Richard. The winner's curse. New York: Russell Sage, 1994.