Lecture 20: Bounded Rationality, Part 1

MIT OpenCourseWare September 27, 2024
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MIT 14.271 Industrial Organization I, Fall 2022 Instructor: Glenn Ellison View the complete course: https://ocw.mit.edu/courses/14-271-industrial-organization-i-fall-2022 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62xkEY0YzLJSoquVBjPOl9S Glenn Ellison talks about bounded rationality, which is the idea that people make decisions that will be good enough, rather than the best possible decision. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.

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