Bounded rationality in strategic interaction contexts: Recent developments in modeling unforeseen contingencies

Eddie Dekel, Barton L. Lipman*, Aldo Rustichini

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

64 Scopus citations

Abstract

We survey recent models of unforeseen contingencies, discussing both epistemic and decision - theoretic approaches. We also briefly comment on the hurdles which remain for applying these models to contract theory.

Original languageEnglish
Pages (from-to)523-542
Number of pages20
JournalEuropean Economic Review
Volume42
Issue number3-5
DOIs
StatePublished - 1998
Externally publishedYes

Funding

FundersFunder number
SSHRCC
National Science Foundation

    Keywords

    • Incomplete contracts
    • Unforeseen contingencies

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