Social Norms, Bounded Rationality and Optimal Contracts, Softcover reprint of the original 1st ed. 2016 Studies in Economic Theory Series, Vol. 30
Auteur : Basov Suren
Bounded rationality has acknowledged effects on the power of incentive provisions, such as deviations from sufficient statistic theorem, the power of optimal incentives, and the effects of optimal contracts in multicultural environments. The introduction of social norms to bounded rationality opens up new avenues of investigation into contracts and mechanism design.
This book makes an important contribution to the study of bounded rationality by pulling together many separate strands of research in the area of mechanism design, and providing detailed analysis of the impact of societal values on contracts.
Pulls together many separate strands of research in the area of mechanism design
Provides detailed analysis of the impact of societal values on contracts
Makes an important contribution to the study of bounded rationality
Includes supplementary material: sn.pub/extras
Date de parution : 06-2018
Ouvrage de 176 p.
15.5x23.5 cm
Date de parution : 05-2016
Ouvrage de 176 p.
15.5x23.5 cm
Thème de Social Norms, Bounded Rationality and Optimal Contracts :
Mots-clés :
Auction Theory; Behavioral Economics; Bounded Rationality; Boundedly Rational Agent; Contract Theory; Decision Theory; Economic Equilibrium; Economic Theory; Economic Uncertainty; Game Theory; Imperfect Information; Incomplete Contracts; Mechanism Design; Opportunity Cost; Optimal Contracts; Optimal Decision; Revelation Principle; Revenue Equivalence; Social Norms; Utility Maximization