Notes on Computational Complexity
A characterization of dynamic choice attributable to Marshall is used as the vehicle through which to discuss the computational complexity of sequentially rational behaviour. Khachiyan's famous results on polynomial time complexity of an ellipsoid algorithm is also described and used in the context of the choice by a ‘Marshallian consumer’. Some general background remarks on the computational complexity of the simplex algorithm are also given.
Keywords: computational complexity, dynamic choice, ellipsoid algorithm, L.G. Khachiyan, Alfred Marshall, Marshallian consumer, sequential behaviour, simplex algorithm
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