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 journalArticle

49 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 (US)
Pages (from-to)523-542
Number of pages20
JournalEuropean Economic Review
Volume42
Issue number3-5
DOIs
StatePublished - 1998

Keywords

  • Incomplete contracts
  • Unforeseen contingencies

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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