Barriers and Bounds to Rationality

Discover the groundbreaking insights of Peter Albin in Barriers and Bounds to Rationality, published by Princeton University Press in 1998. This hardback edition spans 296 pages and showcases Albin's pioneering work in applying the concepts of adaptive dynamical systems—originally developed in the fields of biology and physics—to the intricate study of economic systems.

This compelling collection features Albin's influential articles that delve into the use of cellular automata and complexity theory to tackle pressing economic challenges. Ideal for economists, researchers, and anyone interested in the intersection of science and economics, this book offers a unique perspective on understanding rationality within economic frameworks.

Enhance your knowledge and explore the innovative approaches that can reshape traditional economic thought with Barriers and Bounds to Rationality.