Boundedly Rational versus Optimization-Based Models of Strategic Thinking and Learning in Games
回应Harstad和Selten关于优化模型主导微观经济学的观点,结合行为经济学和博弈论,评述有限理性模型的挑战与前景,帮助学者判断是否阅读原文。
Harstad and Selten's article in this forum performs a valuable service by highlighting the dominance of optimization-based models over boundedly rational models in modern microeconomics, and questioning whether optimization-based models are a better way forward than boundedly rational models. This article complements Rabin's response to Harstad and Selten, focusing on modeling strategic behavior. I consider Harstad and Selten's examples and proposed boundedly rational models in the light of modern behavioral economics and behavioral game theory, commenting on the challenges that remain and the most promising ways forward.