Skip to main content
Keyword: bounded rationality;
2 results found.
Return to Latest Publications
Michele Piccione and Ariel Rubinstein
We model differences among agents in their ability to recognise temporal patterns of prices. Using the concept of DeBruijin sequences in two dynamic models of markets, we demonstrate the existence of equilibria in which ...Read more...
Luca Anderlini and Leonardo Felli
This paper explores the link between boundedly rational behaviour and incomplete contracts. The bounded rationality of the agents in our world is embodied in a constraint that the contracts they write must be algorithmic...Read more...