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American Economic Review, 101, 900--926

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Satisficing Equilibrium

econ.TH · 2024-09-01 · unverdicted · novelty 7.0

Satisficing equilibrium is defined such that each agent i selects from their top k_i actions, unifying bounded rationality models with claimed existence in most games, epistemic foundations, and falsifiability.

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  • Satisficing Equilibrium econ.TH · 2024-09-01 · unverdicted · none · ref 65

    Satisficing equilibrium is defined such that each agent i selects from their top k_i actions, unifying bounded rationality models with claimed existence in most games, epistemic foundations, and falsifiability.