14.271 | Fall 2022 | Graduate

Industrial Organization I

Lecture 21: Bounded Rationality, Part 2

Glenn Ellison continues the discussion from the previous lecture about bounded rationality. This lecture looks at it from the approach of rule-of-thumb consumers and computational costs. He also looks at advertising.

Course Info

Instructor
Departments
As Taught In
Fall 2022
Level
Learning Resource Types
Exams
Instructor Insights
Lecture Notes
Lecture Videos
Problem Set Solutions
Problem Sets
Readings