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Limited Impact On The Rational To The Degree Of Realization Factors

Posted on:2006-04-27Degree:MasterType:Thesis
Country:ChinaCandidate:L LiFull Text:PDF
GTID:2206360155458895Subject:Industrial Economics
Abstract/Summary:PDF Full Text Request
Bounded rationality have taken place of completed rationality to become the mainstream theory for its mighty explaining ability.Adopting the framework of bounded rationality, the paper describes that the behavioral man's rationality may not be fully realized. By analyzing how information, cost of intelligence, and un-rational factors affect behavioral man's decision, the paper sets up a theoretical model to describe degrees of realization of bounded rationality , and according to the theoretical model, it proves that there are differences between the degree of market rationality and that of individual rationality.
Keywords/Search Tags:Bounded rationality, Information, Cost of intelligence, Un-rational factor
PDF Full Text Request
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