A boundedly rational decision algorithm
Article Abstract:
A model using algorithms which simplify decision trees offers a number of benefits, such as being empirically testable. This model uses a bounded rationality approcah.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2000
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Costly information acquisition: experimental analysis of a boundedly rational model
Article Abstract:
A study examines the impact of information acquisition on the decision making of individuals. Cognition model is used in the study.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 2006
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Zipf's law and the growth of cities
Article Abstract:
A study was conducted to analyze the argument that satisfying Zipf's law should be a prerequisite for considering a framework of local growth. Economic and random processes-based explanations of the law were examined. A general model of city growth was developed to show two very different routes to Zipf's law. The first route supported cities that were approximately CRS in the upper trail while the other had cities experiencing externalities that do not die off in the upper trail.
Publication Name: American Economic Review
Subject: Economics
ISSN: 0002-8282
Year: 1999
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