Decision rules with bounded memory
成果类型：
Article
署名作者：
Sarin, R
署名单位：
Texas A&M University System; Texas A&M University College Station
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1999.2564
发表日期：
2000
页码：
151-160
关键词：
摘要：
We study a model in which a decision maker has limited memory. For a large class of decision rules that may be used to select among strategies the decision maker converges to play the maxmin strategy. The result arises not because of any inherent caution on the part of the decision maker, but because the decision maker's memory eventually contains only bad payoffs From the strategies no longer considered the best. Hence, a new rationale is provided for maxmin behavior. Classification Numbers C72, D83. (C) 2000 Academic Press.