How to Decide How to Decide How to ...: Modeling Limited Rationality
论证了用“代理人选择最优决策程序”来建模有限理性并不矛盾,因为无限回归最终生成一个模型,其中代理人必然选择感知最佳选项。
It seems inconsistent to model boundedly rational action choice by assuming that the agent chooses the decision procedure. This criticism is not avoided by assuming that he chooses the procedure to choose a procedure to . . . to choose an action. The author shows that, properly interpreted, this regress, continued transfinitely, generates a model representing the agent's perception of all his options, including every way to refine his perceptions. In this model, the agent surely must choose the perceived best option. Hence, it is not inconsistent to model limited rationality by assuming that the agent uses the optimal decision procedure. Copyright 1991 by The Econometric Society.