A SPARSITY-BASED MODEL OF BOUNDED RATIONALITY
A SPARSITY-BASED MODEL OF BOUNDED RATIONALITY
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Oxford: Oxford University Press
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Language
English
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Oxford: Oxford University Press
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Contents
This article defines and analyzes a ‘‘sparse max’’ operator, which is a less than fully attentive and rational version of the traditional max operator. The agent builds (as economists do) a simplified model of the world which is sparse, considering only the variables of first-order importance. His stylized model and his resulting choices both deriv...
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Full title
A SPARSITY-BASED MODEL OF BOUNDED RATIONALITY
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TN_cdi_proquest_miscellaneous_1866647835
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_1866647835
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ISSN
0033-5533
E-ISSN
1531-4650
DOI
10.1093/qje/qju024