ISSN:
1573-7187
Keywords:
rationality
;
information
;
expectations
;
beliefs
;
dynamic games
;
game equilibria
Source:
Springer Online Journal Archives 1860-2000
Topics:
Sociology
,
Economics
Notes:
Abstract Beside instrumental rationality, concerned with consistency between available means and pursued objectives, cognitive rationality, concerned with consistency between current beliefs and detained information, is nowadays bursting in economic theory. For an individual decision, the two notions are expressed structurally in similar forms, but they heavily interact in the deliberation process, especially when the agent is searching relevant information on his environment and his own determiners. In a game framework, the players' representations are formalized in a more and more sophisticated way, and are closely interwoven with their preferences in contemporary equilibrium notions as well as in selection between corresponding equilibrium points.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF00133986
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