Exploring Bounded Rationality and Cooperation with Computational and Experimental Economics

Mark Pingle
Professor and Chair, Economics Dept.
University of Nevada, Reno

Wednesday, December 12, 2001
3:00 - 4:15PM
Saunders (formerly Social Sciences Building) 515

Abstract

Professor Pingle will survey how experimental and computational economics have been used to advance the theories of decision-making and cooperation in the face of inevitable bounded rationality and incomplete contracts. Examples include the use of imitation and intermediaries to economize on decision and marketing costs. He will also discuss results from his paper on worker-employer cooperation concerning the observed behavioral differences between computational agents and human subjects.

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