A Memory-Based Model of Bounded Rationality

By Sendhil Mullainathan. 2002

488 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/80b0788fc5ed23a19961524e88109cd259dcd8ef

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Citations in the corpus

How do people update? The effects of local weather fluctuations on beliefs about global warming (2012, background): “…people judge the sequence HTTHTH to be more 6 Belief formation when spreading activation is relevant has also been mathematically modeled by Mullainathan (2002) in a process that he dubs “associativeness.” probable than the sequences HHHHTH and HHHTTT (Kahneman and Tversky 1972), although…”
Memory for prices and the euro cash changeover: An analysis for cinema prices in Italy (2007, background): “This literature has explored the implications of consumers’ having limited information-processing capacity and being rationally inattentive (see, among others, Sims 2003, Ameriks et al. 2004, Levy et al. 2006, Reis 2006) or having limited memory (Mullainathan 2002).”
SELECTIVE ATTENTION AND LEARNING (2014, methodology): “It also is in the spirit of assumptions found in recent work modeling biases in information processing (e.g., Mullainathan 2002; Rabin and Schrag 1999).”
Persuasion: Empirical Evidence (2010, unknown): “…models in which receivers are not fully Bayesian and think categorically (Fryer & Jackson 2008, Mullainathan et al. 2008 ), have limited memory (Mullainathan 2002, Shapiro 2006), double-count repeated information (DeMarzo et al. 2003) , or neglect the incentives of the sender (Eyster & Rabin…”
Psychologists at the Gate: A Review of Daniel Kahneman's Thinking, Fast and Slow (2012, background): “There have been several attempts by economists to model such intuitive statistics (e.g. Mullainathan 2000, 2002, Rabin 2002, Rabin and Vayanos 2010, Schwartzstein 2010).”
Decision Theory with Resource-Bounded Agents (2013, methodology): “In particular, Mullainathan [12] makes a potential connection between memory and biased information processing, using a model that makes several explicit (psychology-based) assumptions on the memory process (e.g., that the agent’s ability to recall a past event depends on how often he has recalled t”
Dual-process theories of decision-making: A selective survey (2014, background): “Having determined the dynamic allocation of pleasant (e.g., consumption) and unpleasant (e.g., labor) activities, we now study its static counterpart: the distribution of a fixed budget over a tempting and a non-tempting good.”
Price Knowledge in Household Demand for Utility Services (2005, background): “…is consistent with the economic theory of consumer search, bounded rationality, and an “absentminded” consumer (e.g., Stigler 1961; Conlisk 1996; Mullainathan 2002; Ameriks, Caplin, and Leahy 2004).2 An implication is that a little ignorance on the part of house- The authors are,…”
Inflation Expectations, Learning and Supermarket Prices: Evidence from Survey Experiments (2017, background): “The literature on memory in psychology and behavioral economics may be useful for developing models of information frictions (see for example Mullainathan, 2002).”
Specification Curve: Descriptive and Inferential Statistics on All Reasonable Specifications (2015, background): “In this section, we use Specification Curve Analysis to analyze three findings in two published papers, one examining if hurricane names influence people’s inclination to protect against them (Jung, Shavitt, Viswanathan, & Hilbe, 2014a), the other reporting an audit study of racial discrimination in”