‘‘Just forget it.’’ Memory distortions as bounded rationality
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چکیده
منابع مشابه
Frey ‘ ‘ Just forget it . ’ ’ Memory distortions as bounded rationality
Distortions in memory impose important bounds on rationality but have been largely disregarded in economics. While it is possible to learn, it is more difficult, and sometimes impossible, to unlearn. This retention effect lowers individual utility directly or via reduced productivity, and adds costs to principal-agent relationships. The engraving effect states that the more one tries to forget ...
متن کاملRevised Version ‘ JUST FORGET IT ’ MEMORY DISTORTION AS BOUNDED RATIONALITY ! by Bruno
Distortions in memory impose important bounds on rationality but have been largely disregarded in economics. While it is possible to learn, it is more difficult, and sometimes impossible, to unlearn. This retention effect lowers individual utility directly or via reduced productivity, and adds costs to principal-agent relationships. The engraving effect states that the more one tries to forget ...
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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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متن کاملTimed ATL : Forget Memory , Just Count ( Extended Abstract )
Étienne André and Laure Petrucci Université Paris 13 {Etienne.Andre,Laure.Petrucci} @lipn.univ-paris13.fr Wojciech Jamroga and Michał Knapik Institute of Computer Science, Polish Academy of Sciences {mknapik, wojciech.jamroga} @ipipan.waw.pl Wojciech Penczek Institute of Computer Science, Polish Academy of Sciences and University of Natural Sciences and Humanities, Siedlce, Poland penczek@ipipa...
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ژورنال
عنوان ژورنال: Mind & Society
سال: 2005
ISSN: 1593-7879,1860-1839
DOI: 10.1007/s11299-005-0004-9