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- W4250162992 abstract "Given a choice problem and given an information set, an agent must study the problem, delineate the issues, evaluate alternatives, and so on. These reasoning activities may be costly. Let the cost be called ‘optimization cost’. Can this cost, usually suppressed through the unbounded rationally postulate, be folded into a conventional optimization problem for the agent? Can it be done in somewhat the same way that information cost has already been folded into economic models? Qualified yes answers are given." @default.
- W4250162992 created "2022-05-12" @default.
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- W4250162992 date "1988-04-01" @default.
- W4250162992 modified "2023-10-03" @default.
- W4250162992 title "Optimization cost" @default.
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- W4250162992 doi "https://doi.org/10.1016/0167-2681(88)90034-0" @default.
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