A Memory-Based Model of Bounded Rationality
نویسندگان
چکیده
منابع مشابه
A Memory Based Model of Bounded Rationality a Memory Based Model of Bounded Rationality a Memory Based Model of Bounded Rationality a Memory Based Model of Bounded Rationality
How do memory limitations affect economic behavior? I develop a model of memory grounded in psychology and biology research to investigate this question. Using this model, I study the case where people apply Bayes rule to the history they recall as if it were the true history. The resulting beliefs exhibit over-reaction on average. They also exhibit under-reaction with the model providing enoug...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 2002
ISSN: 0033-5533,1531-4650
DOI: 10.1162/003355302760193887