Comment Comment by throwaway598 Rationality and imperfect information are different things.Neither of which fit your example which is search cost. Not everyone knows a lot of things, it is impossible to know everything. Therefore tradeoffs are made. Which is rational. parent throwaway598 2 years ago
Neither of which fit your example which is search cost. Not everyone knows a lot of things, it is impossible to know everything. Therefore tradeoffs are made. Which is rational.