Figure: Table IX showing [Poisson CH prediction and empirical frequency for betting game [Sovik 2000]]
Caption: TABLE IX POISSON CH PREDICTION AND EMPIRICAL FREQUENCY FOR BETTING GAME [SOVIK 2000]
Figure text: State of the world A B C D Pla…Gabaix, Xavier, and David Laibson, “A Boundedly Rational Decision Algorithm,” American Economic Review, XC (May 2000), 433–438.
Gabaix, Xavier, David Laibson, Guillermo Moloche, and Stephen Weinberg, “The Allocation of Attention: Theory an…[^2]: In maximum-likelihood estimation, algorithms find a value of the model free parameter (in this case, $\tau$) which implies predicted probabilities that maximize the product of the predicted likelihoods of all the strategies that are a…
Matthew Rabin
economist · 3 mentions across 1 reading
In this course
Matthew Rabin's work appears here in the context of behavioral economics and bounded rationality—frameworks challenging the rational actor assumption in classical economics. The excerpts reference decision algorithms and attention allocation theory that underpin models of how humans actually make choices under uncertainty, rather than how economic theory assumes they should. His influence surfaces primarily through citations establishing the theoretical scaffolding for empirical studies of betting behavior and parameter estimation in choice experiments, making him foundational to understanding deviation from rational choice as a design problem rather than mere irrationality.
Mentioned in 1 reading
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C. Mónica Capra 2Erik Eyster 2Amit Pazgal 1Bruno Broseta 1Colin F. Camerer 1David Cooper 1Ernst Fehr 1Ganesh Iyer 1Giovanna Devetag 1Jean-Robert Tyran 1John Van Huyck 1Kuan Chong 1Massimo Warglien 1Miguel Costa-Gomes 1R. Zwick 1Russell W. Cooper 1Teck Ho 1Vincent Crawford 1Yuxin Chen 1Alvin E. Gilat 1Doron Sonsino 1Groucho Marx 1Ido Erev 1Nancy Stokey 1Paul Milgrom 1Yosef Sovik 1Brian Rogers 1Edward Glaeser 1Haitao Cui 1Lisa Wang 1