Satisficing Equilibrium

Bary S. R. Pradelski and Bassel Tarbush

Papers from arXiv.org

Abstract: We introduce satisficing equilibrium, where each agent chooses one of her top $k_i$ actions. The concept unifies models of bounded rationality and yields predictions that differ from canonical solution concepts. We study its precision, existence, epistemic and dynamic foundations, as well as its empirical content.

Date: 2024-09, Revised 2025-12
New Economics Papers: this item is included in nep-des, nep-gth and nep-mic
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