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Computable EconomicsThe Arne Ryde Memorial Lectures$
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K. Velupillai

Print publication date: 2000

Print ISBN-13: 9780198295273

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198295278.001.0001

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Computable Rationality

Computable Rationality

(p.28) 3 Computable Rationality
Computable Economics

Kumaraswamy Velupillai

Oxford University Press

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

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