Rational Ignorance versus Rational Irrationality
نویسندگان
چکیده
منابع مشابه
Rational Irrationality
We present a game-theoretic account of irrational agent behavior and define conditions under which irrational behavior may be considered quasi-rational. To do so, we use a 2-player, zero-sum strategic game, parameterize the reward structure and study how the value of the game changes with this parameter. We argue that for any “underdog” agent, there is a point at which the asymmetry of the game...
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ژورنال
عنوان ژورنال: Kyklos
سال: 2001
ISSN: 0023-5962
DOI: 10.1111/1467-6435.00138