Abstract | ||
---|---|---|
We study how optimal interventions in response to a shock with limited information depend on the complexity of the system. We show that as the complexity of the system grows, the optimal intervention shrinks to zero. |
Year | DOI | Venue |
---|---|---|
2022 | 10.1007/s00182-021-00796-8 | International Journal of Game Theory |
Keywords | DocType | Volume |
Bounded rationality, High dimensional optimization, Limited information, Le Chatelier Principle, Status quo bias | Journal | 51 |
Issue | ISSN | Citations |
2 | 0020-7276 | 0 |
PageRank | References | Authors |
0.34 | 0 | 2 |
Name | Order | Citations | PageRank |
---|---|---|---|
Drew Fudenberg | 1 | 175 | 44.93 |
David K. Levine | 2 | 0 | 0.34 |