Using Neural Networks to Model Bounded Rationality in Interactive Decision-Making

@inproceedings{Sgroi2003UsingNN,
  title={Using Neural Networks to Model Bounded Rationality in Interactive Decision-Making},
  author={Daniel Sgroi},
  year={2003}
}
This paper considers the use of neural networks to model bounded rational behaviour. The underlying theory and use of neural networks is now a component of various forms of scientific enquiry, be it modelling artificial intelligence, developing better pattern recognition or solving complex optimization problems. This paper surveys the recent literature in economics on their use as a plausible model of learning by example, in which the focus is not on improving their ability to perform to the… CONTINUE READING

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