Bounded rationality in macroeconomics a review essay

People do appear to have stable individual differences in their susceptibility to decision biases such as overconfidence , temporal discounting , and bias blind spot . [117] That said, these stable levels of bias within individuals are possible to change. Participants in experiments who watched training videos and played debiasing games showed medium to large reductions both immediately and up to three months later in the extent to which they exhibited susceptibility to six cognitive biases: anchoring , bias blind spot, confirmation bias , fundamental attribution error , projection bias , and representativeness . [118]

Bounded rationality in macroeconomics a review essay

bounded rationality in macroeconomics a review essay

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