Bounded Rationality in Individual Decision Making

Colin Camerer ()

No 1029, Working Papers from California Institute of Technology, Division of the Humanities and Social Sciences

Abstract: 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.

Pages: 29 pages
Date: 1998-03
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Published: Experimental Economics, 1998

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Journal Article: Bounded Rationality in Individual Decision Making (1998)
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