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Boundedly rational versus optimization-based models of strategic thinking and learning in games
https://doi.org/10.32609/0042-8736-2014-5-27-44
Abstract
The paper is a comment on the article by R. Harstad and R. Selten and considers the tradeoff between bounded rationality and optimization models in the game-theoretic context. The author shows that in most of the models elements of opimization are still retained and that it is thus more productive to further improve the optimization-based modeling rather than to abandon them altogether in favour of bounded rationality.
About the Author
V. P. Crawford
University of Oxford and All Souls College (Oxford, U.K.); University of California, San Diego (La Jolla, California, USA)
Russian Federation
Russian Federation
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Crawford V.P. Boundedly rational versus optimization-based models of strategic thinking and learning in games. Voprosy Ekonomiki. 2014;(5):27-44. (In Russ.) https://doi.org/10.32609/0042-8736-2014-5-27-44
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