Lying for the Greater Good: Bounded Rationality in a Team

Article, Preprint English OPEN
Oktay Sürücü;
(2014)
  • Publisher: University of Bucharest
  • Journal: International Journal of Economic Behavior,volume 4,issue 1,pages151-163 (issn: 2069-5756, eissn: 2285-0430)
  • Publisher copyright policies & self-archiving
  • Subject: Bounded rationality | Categorization | Bounded rationality; categorization; learning. | BF1-990 | Economics as a science | bounded rationality; categorization; nudging; learning. | Learning | Psychology | HB71-74 | Nudging
    • jel: jel:D22 | jel:D21 | jel:C00 | jel:D23 | jel:C92 | jel:C70 | jel:D83
    arxiv: Computer Science::Multiagent Systems

This paper is concerned with the interaction between fully and boundedly rational agents in situations where their interests are perfectly aligned. The cognitive limitations of the boundedly rational agent do not allow him to fully understand the market conditions and l... View more
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