Summary

This paper presents a novel theory of cognition-indexed behavior, grounded in a family of choice correspondences and a cognition-dependent representation known as CDR, where utility is bounded by a fixed benchmark and suboptimality tolerations are governed by cognition-dependent thresholds. The authors propose that cognition-dependent thresholds determine how much agents are willing to tolerate suboptimality, offering a distinct model beyond traditional utility maximization frameworks. The research integrates concepts from game theory, social and economic networks, and the economics of risk and uncertainty into a coherent theoretical framework. Ultimately, this work extends the field of game theory by introducing cognitive boundaries, offering a comprehensive tool for modeling stable tastes and decision-making under uncertainty across different social and economic networks.

Title

Maria Betto - Assistant Professor of Economics at JHU

Description

I am an Assistant Professor of Economics at Johns Hopkins University. My research interests are in Microeconomic Theory, including Choice and Decision Theory…

Keywords

university, theory, assessments, economics, cognition, teaching, assistant, johns, hopkins, choice, auctions, types, scores, maria, research, decision, design

NS Lookup

A 172.67.153.57, A 104.21.12.200

Dates

Created 2026-04-14

Updated 2026-04-14

Summarized 2026-05-01