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

Eddie Dekel; Barton L. Lipman; Aldo Rustichini

doi:10.1016/s0014-2921(97)00114-1

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

Eddie Dekel, Barton L. Lipman, Aldo Rustichini

Economics (Twin Cities)

Research output: Contribution to journal › Article › peer-review

62 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 language	English (US)
Pages (from-to)	523-542
Number of pages	20
Journal	European Economic Review
Volume	42
Issue number	3-5
DOIs	https://doi.org/10.1016/s0014-2921(97)00114-1
State	Published - 1998

Bibliographical note

Funding Information:
We thank Drew Fudenberg and Paolo Ghirardato for helpful comments. Dekel and Rustichini thank the NSF and Lipman thanks SSHRCC for financial support for this research. Lipman also thanks Carnegie Mellon for their hospitality while this work was in progress.

Keywords

Incomplete contracts
Unforeseen contingencies

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10.1016/s0014-2921(97)00114-1

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title = "Bounded rationality in strategic interaction contexts: Recent developments in modeling unforeseen contingencies",

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.",

keywords = "Incomplete contracts, Unforeseen contingencies",

author = "Eddie Dekel and Lipman, {Barton L.} and Aldo Rustichini",

note = "Funding Information: We thank Drew Fudenberg and Paolo Ghirardato for helpful comments. Dekel and Rustichini thank the NSF and Lipman thanks SSHRCC for financial support for this research. Lipman also thanks Carnegie Mellon for their hospitality while this work was in progress.",

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T2 - Recent developments in modeling unforeseen contingencies

AU - Dekel, Eddie

AU - Lipman, Barton L.

AU - Rustichini, Aldo

N1 - Funding Information: We thank Drew Fudenberg and Paolo Ghirardato for helpful comments. Dekel and Rustichini thank the NSF and Lipman thanks SSHRCC for financial support for this research. Lipman also thanks Carnegie Mellon for their hospitality while this work was in progress.

PY - 1998

Y1 - 1998

N2 - 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.

AB - 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.

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KW - Unforeseen contingencies

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

Abstract

Bibliographical note

Keywords

Publisher link

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