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Bounded Rationality in Individual Decision Making

Camerer, Colin F. (1998) Bounded Rationality in Individual Decision Making. Social Science Working Paper, California Institute of Technology , Pasadena, CA. (Unpublished)

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My goals in this paper are: (i) To give a pithy, opinionated summary of what has been learned about bounded rationality in individual decision making from experiments in economics and psychology (drawing on my 1995 Handbook of Experimental Economics chapter); and (ii) mention some promising new directions for research which would be included if that chapter were written today.

Item Type:Report or Paper (Working Paper)
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Camerer, Colin F.0000-0003-4049-1871
Additional Information:This paper is based on a lecture at the Bonn Conference on Theories of Bounded Rationality, May 1997. Helpful comments were received from Charles Holt, and Angela Hung assisted with research. It was written in the warm incubator of the Center for Advanced Study for Behavioral Sciences, with support from National Science Foundation grant SBR-9601236. Published as Camerer, C. (1998). Bounded rationality in individual decision making. Experimental economics, 1(2), 163-183.
Group:Social Science Working Papers
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Series Name:Social Science Working Paper
Record Number:CaltechAUTHORS:20170811-161943874
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Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:80326
Deposited By: Jacquelyn Bussone
Deposited On:11 Aug 2017 23:34
Last Modified:03 Oct 2019 18:29

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