Chapter

Computable Rationality

Kumaraswamy Velupillai

in Computable Economics

Published in print January 2000 | ISBN: 9780198295273
Published online November 2003 | e-ISBN: 9780191596988 | DOI: http://dx.doi.org/10.1093/0198295278.003.0003
 Computable Rationality

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There are two main themes in Ch. 3. Firstly, the demonstration that the choice behaviour of the rational economic person of standard economic theory can be shown, formally, to be equivalent to the computational activity of a Turing Machine. Secondly, the formal demonstration that preference generation is computably infeasible.

Keywords: choice function; computably rational choice; economic rationality; Turing Machines; uncomputable preferences; undecidable choice

Chapter.  6555 words. 

Subjects: Macroeconomics and Monetary Economics

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