Gateway to Think Tanks
来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w11867 |
来源ID | Working Paper 11867 |
Thinking Ahead: The Decision Problem | |
Patrick Bolton; Antoine Faure-Grimaud | |
发表日期 | 2005-12-19 |
出版年 | 2005 |
语种 | 英语 |
摘要 | We propose a model of bounded rationality based on time-costs of deliberating current and future decisions. We model an individual decision maker%u2019s thinking process as a thought-experiment that takes time and let the decision maker %u201Cthink ahead%u201D about future decision problems in yet unrealized states of nature. By formulating an intertemporal, state-contingent, planning problem, which may involve costly deliberation in every state of nature, and by letting the decision-maker deliberate ahead of the realization of a state, we attempt to capture the basic idea that individuals generally do not think through a complete action-plan. Instead, individuals prioritize their thinking and leave deliberations on less important decisions to the time or event when they arise. |
主题 | Microeconomics ; Economics of Information ; Mathematical Tools |
URL | https://www.nber.org/papers/w11867 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569518 |
推荐引用方式 GB/T 7714 | Patrick Bolton,Antoine Faure-Grimaud. Thinking Ahead: The Decision Problem. 2005. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w11867.pdf(351KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。