"One is forced to assume that ordinary people have the computational capabilities and statistical software of econometricians."

Quote Details

Added by wikiquote-import-bot
Added on April 10, 2026
Unverified quote
0 likes
PhilosophyScienceEconomicsOrganizational theory
Original Language: English

Sources

Gerd Gigerenzer and Reinhard Selten (2001), in Bounded Rationality. The Adaptive Toolbox, chapters 1 and 2. Cambridge, Massachusetts, quoted in “Bounded Rationality and Macroeconomics”