14.271 Industrial Organization I (Fall 2022, MIT OCW). Instructor: Prof. Glenn Ellison. 14.271 is a PhD-level course in industrial organization, introducing students to the basic building blocks of the field and exposing them to a variety of techniques. It is designed to start the process of preparing economics PhD students to conduct thesis research in the area. It is also intended to be of interest to doctoral students working in other areas of economics and related fields. The course integrates theoretical models and empirical studies.
(from ocw.mit.edu)
Lecture 21 - Bounded Rationality, Part 2
Glenn Ellison continues the discussion from the previous lecture about bounded rationality. This lecture looks at it from the approach of rule-of-thumb consumers and computational costs. He also looks at advertising.