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Profits, Learning and the Convergence of Satisficing to Marginalism

Richard H. Day

The Quarterly Journal of Economics · 1967 · Volume 81 · Issue 2

DOI: 10.2307/1879588

Abstract

Introduction, 302. — The learning model, 304. — Demand, cost, and environmental feedback, 307. — Satisficing's convergence to marginalism, 308. — A simple example, 310.

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