Cognition and Incomplete Contracts
认为思考意外情况、设计条款并预见其后果成本高昂，因此合同双方使用启发式方法，导致合同不完全，并构建了有限认知模型分析其对合同设计的影响。
Thinking about contingencies, designing covenants, and seeing through their implications is costly. Parties to a contract accordingly use heuristics and leave it incomplete. The paper develops a model of limited cognition and examines its consequences for contractual design.