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An Optimizing Neuroeconomic Model of Discrete Choice

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NBER2014-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19897
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A model is proposed in which stochastic choice results from noise in cognitive processing rather than random variation in preferences. The mental process used to make a choice is nonetheless optimal, subject to a constraint on available information-processing capacity that is partially motivated by
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2014-02-01
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