A memory based model of bounded rationality /
How do memory limitations affect economic behavior? I develop a model of memory grounded in psychology and biology research to investigate this question. Using this model, I study the case where people apply Bayes rule to the history they recall as if it were the true history. The resulting beliefs...
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| Format: | Book |
| Language: | English |
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Cambridge, MA :
Massachusetts Institute of Technology, Dept. of Economics,
[2000]
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| Series: | Working paper (Massachusetts Institute of Technology. Department of Economics) ;
no. 01-28 |
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