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Bounded Rationality in Individual Decision Making

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  • Colin Camerer

Abstract

The main objectives of this paper are: (i) To give a pithy, opinionated summary of what has been learned about bounded rationality in individual decision making from experiments in economics and psychology (drawing on my 1995 Handbook of Experimental Economics chapter); and (ii) mention some promising new directions for research which would be included if that chapter were written today. Copyright Kluwer Academic Publishers 1998

Suggested Citation

  • Colin Camerer, 1998. "Bounded Rationality in Individual Decision Making," Experimental Economics, Springer;Economic Science Association, vol. 1(2), pages 163-183, September.
    • Handle: RePEc:kap:expeco:v:1:y:1998:i:2:p:163-183
    DOI: 10.1023/A:1009944326196
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