A Sparsity-Based Model of Bounded Rationality *
نویسندگان
چکیده
منابع مشابه
A Sparsity-based Model of Bounded Rationality*
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 derive from constrained optimization. Still, the spa...
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ژورنال
عنوان ژورنال: The Quarterly Journal of Economics
سال: 2014
ISSN: 0033-5533,1531-4650
DOI: 10.1093/qje/qju024