Boundedly Rational Dynamic Programming: Some Preliminary Results
NBER Working Paper No. 17783
---- Acknowledgements -----
I thank David Laibson for a great many conversations about bounded rationality. For useful comments I also thank seminar participants at the AEA meetings, Chicago, U. Penn, and Yale. This note summarizes some elements of Gabaix (2011, 2012), which remain the primary references for this research. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.