Adaptive Heuristics

Sergiu Hart

Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem

Abstract: We exhibit a large class of simple rules of behavior, which we call adaptive heuristics, and show that they generate rational behavior in the long run. These adaptive heuristics are based on natural regret measures, and may be viewed as a bridge between rational and behavioral viewpoints. The results presented here, taken together, establish a solid connection between the dynamic approach of adaptive heuristics and the static approach of correlated equilibria.

JEL-codes: C7 D8 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2004-10
References: Add references at CitEc
Citations: View citations in EconPapers (12)

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http://www.ma.huji.ac.il/~hart/abs/heurist.html (text/html)

Related works:
Chapter: ADAPTIVE HEURISTICS (2013)
Journal Article: Adaptive Heuristics (2005)
Working Paper: Adaptive Heuristics (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:huj:dispap:dp372

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