Bounded Rationality in Macroeconomics
People are inattentive, forgetful, and otherwise imperfect decisionmakers. It is well documented that models of choice with cognitive or attentional constraints, or bounded rationality, can capture these realities and explain deviations of individual behavior from a benchmark of pure payoff maximiza...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Published: |
Massachusetts Institute of Technology
2022
|
| Online Access: | https://hdl.handle.net/1721.1/144513 |