Complexity and Satisficing: Theory with Evidence from Chess.

We develop a satisficing model of choice in which the available alternatives differ in their inherent complexity. We assume—and experimentally validate—that complexity leads to errors in the perception of alternatives' values. The model yields sharp predictions about the effect of complexity on choi...

Descripción completa

Detalles Bibliográficos

Publicado en:	Review of Economic Studies Vol. 93; no. 2; pp. 1296 - 1323
Autores principales:	Salant, Yuval, Spenkuch, Jörg L
Formato:	Artículo
Publicado:	Oxford University Press / USA Mar2026
Materias:	Decision making Bounded rationality Rational choice theory Empirical research Chess Computational complexity Behavioral economics Mathematical optimization
Acceso en línea:	Ver este registro en EBSCOhost