Rubinstein A.

Rubinstein A., Socjologia, Teoria gier
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Modeling Bounded
Rationality
Zeuthen Lecture Book Series
Karl Gunnar Persson, editor
Modeling Bounded Rationality,
Ariel Rubinstein
Modeling Bounded
Rationality
Ariel Rubinstein
The MIT Press
Cambridge, Massachusetts
London, England
© 1998 Massachusetts Institute of Technology
All rights reserved. No part of this book may be reproduced in any form by any
electronic or mechanical means (including photocopying, recording, or information
storage and retrieval) without permission in writing from the publisher.
This book was set in Palatino using Ventura Publisher under Windows 95 by
Wellington Graphics.
Printed and bound in the United States of America.
Library of Congress Cataloging-in-Publication Data
Rubinstein, Ariel.
Modeling bounded rationality / Ariel Rubinstein.
p. cm. — (Zeuthen lecture book series)
Includes bibliographical references (p. ) and index.
ISBN 0-262-18187-8 (hardcover : alk. paper). — ISBN 0-262-68100-5 (pbk. : alk.
paper)
1. Decision-making. 2. Economic man. 3. Game theory. 4. Rational expectations
(Economic theory) I. Title. II. Series.
HD30.23.R83 1998
97-40481
153.8
3—dc21 CIP

Contents
Series Foreword ix
Preface xi
Introduction 1
1 “Modeling” and “Bounded Rationality” 1
2 The Aim of This Book 2
3 The State of the Art 3
4A rsl te 5
5 Bibliographic Notes 5
1 Bounded Rationality in Choice 7
1.1 The “Rational Man” 7
1.2 The Traditional Economist’s Position 10
1.3 The Attack on the Traditional Approach 13
1.4 Experimental Evidence 16
1.5 Comments 21
1.6 Bibliographic Notes 23
1.7 Projects 24
2 Modeling Procedural Decision Making 25
2.1 Motivation 25
2.2 Preparing the Tools: Similarity Relations 28
2.3 A Procedure of Choice Between Vectors 29
2.4 Analysis 31
2.5 Case-Based Theory 34
2.6 Bibliographic Notes 37
2.7 Projects 37
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