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A Sparsity-Based Model of Bounded Rationality

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NBER2011-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w16911
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资源简介:
This paper defines and analyzes a "sparse max" operator, which is a less than fully attentive and rational version of the traditional max operator. The agent builds (as economists do) a simplified model of the world which is sparse, considering only the variables of first-order importance. His
提供机构:
美国国家经济研究局
创建时间:
2011-03-01
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