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Structural Stability Implies Robustness to Bounded Rationality

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  • Anderlini, Luca
  • Canning, David

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  • Anderlini, Luca & Canning, David, 2001. "Structural Stability Implies Robustness to Bounded Rationality," Journal of Economic Theory, Elsevier, vol. 101(2), pages 395-422, December.
    • Handle: RePEc:eee:jetheo:v:101:y:2001:i:2:p:395-422
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    4. Drew Fudenberg & David Levine, 2008. "Limit Games and Limit Equilibria," World Scientific Book Chapters, in: Drew Fudenberg & David K Levine (ed.), A Long-Run Collaboration On Long-Run Games, chapter 2, pages 21-39, World Scientific Publishing Co. Pte. Ltd..
    5. George A. Akerlof & Janet L. Yellen, 1985. "A Near-Rational Model of the Business Cycle, with Wage and Price Inertia," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 100(Supplemen), pages 823-838.
    6. Robert Wilson, 2010. "Computing Equilibria of n-person Games," Levine's Working Paper Archive 402, David K. Levine.
    7. Bomfim, Antulio N & Diebold, Francis X, 1997. "Bonded Rationality and Strategic Complementarity in a Macroeconomic Model: Policy Effects, Persistence and Multipliers," Economic Journal, Royal Economic Society, vol. 107(444), pages 1358-1374, September.
    8. Sethi, Rajiv & Franke, Reiner, 1995. "Behavioural Heterogeneity under Evolutionary Pressure: Macroeconomic Implications of Costly Optimisation," Economic Journal, Royal Economic Society, vol. 105(430), pages 583-600, May.
    9. Russell, Thomas & Thaler, Richard, 1985. "The Relevance of Quasi Rationality in Competitive Markets," American Economic Review, American Economic Association, vol. 75(5), pages 1071-1082, December.
    10. John Haltiwanger & Michael Waldman, 1989. "Limited Rationality and Strategic Complements: The Implications for Macroeconomics," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 104(3), pages 463-483.
    11. Haltiwanger, John C & Waldman, Michael, 1989. "Rational Expectations in the Aggregate," Economic Inquiry, Western Economic Association International, vol. 27(4), pages 619-636, October.
    12. Conlisk, John, 1980. "Costly optimizers versus cheap imitators," Journal of Economic Behavior & Organization, Elsevier, vol. 1(3), pages 275-293, September.
    13. Akerlof, George A & Yellen, Janet L, 1985. "Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria?," American Economic Review, American Economic Association, vol. 75(4), pages 708-720, September.
    14. Evans, George W & Ramey, Garey, 1992. "Expectation Calculation and Macroeconomic Dynamics," American Economic Review, American Economic Association, vol. 82(1), pages 207-224, March.
    15. Radner, Roy, 1980. "Collusive behavior in noncooperative epsilon-equilibria of oligopolies with long but finite lives," Journal of Economic Theory, Elsevier, vol. 22(2), pages 136-154, April.
    16. Jones, Stephen R G & Stock, James H, 1987. "Demand Disturbances and Aggregate Fluctuations: The Implications of Near Rationality," Economic Journal, Royal Economic Society, vol. 97(385), pages 49-64, March.
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    Cited by:

    1. Miyazaki, Yusuke & Azuma, Hiromi, 2013. "(λ,ϵ)-stable model and essential equilibria," Mathematical Social Sciences, Elsevier, vol. 65(2), pages 85-91.
    2. Loi, Andrea & Matta, Stefano, 2015. "Increasing complexity in structurally stable models: An application to a pure exchange economy," Journal of Mathematical Economics, Elsevier, vol. 57(C), pages 20-24.
    3. Houser, Daniel & Winter, Joachim, 2004. "How Do Behavioral Assumptions Affect Structural Inference? Evidence from a Laboratory Experiment," Journal of Business & Economic Statistics, American Statistical Association, vol. 22(1), pages 64-79, January.
    4. Yu, Jian & Yang, Zhe & Wang, Neng-Fa, 2016. "Further results on structural stability and robustness to bounded rationality," Journal of Mathematical Economics, Elsevier, vol. 67(C), pages 49-53.
    5. Jian-ping Tian & Wen-sheng Jia & Li Zhou, 2024. "Existence and Stability of Fuzzy Slightly Altruistic Equilibrium for a Class of Generalized Multiobjective Fuzzy Games," Journal of Optimization Theory and Applications, Springer, vol. 203(1), pages 111-125, October.
    6. Yusuke Miyazaki & Hiromi Azuma, 2011. "Convex Approximation of Bounded Rational Equilibria," Economics Bulletin, AccessEcon, vol. 31(4), pages 2869-2874.
    7. Miyazaki, Yusuke, 2014. "A remark on topological robustness to bounded rationality in semialgebraic models," Journal of Mathematical Economics, Elsevier, vol. 55(C), pages 33-35.

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