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Zusatztext Advance praise: 'In this brilliant and path-breaking book! Compte and Postlewaite offer a new way of modeling agent reasoning in microeconomic theory! striking a balance between the demands of equilibrium analysis with 'perfect' rationality and the realities of human cognition. They do not focus on a particular anomaly while embracing the rest of the game-theoretical assumptions. Rather! they focus on plausible ways of reasoning for economic agents! allowing a distinction between the agents' and the modeler's world view. In doing so! Compte and Postlewaite provide a new language for modeling bounded rationality.' Itzhak Gilboa! Tel Aviv University and École des hautes études commerciales de Paris Informationen zum Autor Olivier Compte is a Professor at the Paris School of Economics and École des Ponts ParisTech. Andrew Postlewaite is the Harry P. Kamen Professor of Economics and a Professor of Finance at the University of Pennsylvania. Klappentext Proposes novel methods to incorporate ignorance and uncertainty into economic modeling without complex mathematics. Zusammenfassung Compte and Postlewaite propose novel methods to incorporate ignorance and uncertainty into economic modeling! without complex mathematics. An accessible text that proposes a constructive critique of the discipline! and that will find a broad audience with readers who build or use economic models! and those just interested in the discipline. Inhaltsverzeichnis Introduction; Part I. Modeling Challenges: 1. Action space; 2. Ignorance and uncertainty; 3. Observations, perceptions and strategies; 4. Strategies and strategy restrictions; 5. Knowledge and beliefs; Part II. Legends and Myths: 6. Information aggregation; 7. Mechanism design; 8. Surplus extraction; 9. Folk theorems; 10. Comparative statics; Part III. Applications: 11. Auctions; 12. Learning; 13. Reputation; 14. Cooperation; 15. Influence; 16. Information aggregation in markets; 17. Bargaining; 18. Attrition; 19. Reputation; 20. Coordination; 21. Ambiguity and other complexity related aversions; Miscellanea; Index....
