Bounded Rationality in the Economics of Organization Present Use and (Some) Future Possibilities [PDF]
The way in which bounded rationality enters contemporary organizational economics theorizing is examined. It is argued that, as it is being used, bounded rationality is neither necessary nor sufficient for producing the results of organizational ...
Nicolai J. Foss
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The Problem With Bounded Rationality On Behavioral Assumptions in the Theory of the Firm [PDF]
I discuss and compare alternative approaches to integrating bounded rationality with the theory of economic organization, concentrating on the organizational capabilities approach, which is strongly influenced by the works of Nelson and Winter ...
Nicolai J. Foss
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The Simonian bounded rationality hypothesis and the expectation formation mechanism [PDF]
. In the 1980s and at beginning of the 1990s the debate on expectation formation mechanism was dominated by the rational expectation hypothesis. Later on, more interest was directed towards alternative approaches to expectations analysis, mainly based on
Kowalski, Tadeusz
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Direction-of-Change Forecasting using a Volatility- Based Recurrent Neural Network [PDF]
This paper investigates the profitability of a trading strategy, based on recurrent neural networks, that attempts to predict the direction-of-change of the market in the case of the NASDAQ composite index.
Bekiros, S., Georgoutsos, D.
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Folk Theorems with Bounded Recall under (Almost) Perfect Monitoring, Third Version [PDF]
We prove the perfect-monitoring folk theorem continues to hold when attention is restricted to strategies with bounded recall and the equilibrium is essentially required to be strict.
George J. Mailath, Wojciech Olszewski
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Contingent Valuation of Community Forestry Programs in Ethiopia: Observing Preference Anomalies in Double-Bounded CVM [PDF]
This study examines the potential for anomalous response behaviour effects within the context of double-bounded contingent valuation methods applied to community forestry programs in rural Ethiopia.
Dambala Gelo, Steven F. Koch
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Testing Bounded Rationality Against Full Rationality in Job Changing Behavior [PDF]
In this paper I question the hypothesis of full rationality in the context of job changing behaviour, via simple econometric explorations on microdata drawn from WHIP (Worker Histories Italian Panel).
Bruno Contini
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Economics and psychology.Perfect rationality versus bounded rationality [PDF]
Classical mathematical algorithms often fail to identify in time when the international financial crises occur although, as the classical theory of choice would suggest, the economic agents are rational and the markets are or should be efficient and ...
Schilirò, Daniele
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Time Dependent Bounded Recall Strategies Are Enough to Play the Discounted Repeated Prisoners' Dilemma [PDF]
We show that for any discount factor, there is a natural number $M$ such that all subgame perfect equilibrium outcomes of the discounted repeated prisoners' dilemma can be obtained by subgame perfect equilibrium strategies with the following property ...
Mehmet Barlo, Guilherme Carmona
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Complexity and Bounded Rationality in Individual Decision Problems [PDF]
I develop a model of endogenous bounded rationality due to search costs, arising implicitly from the decision problem's complexity. The decision maker is not required to know the entire structure of the problem when making choices.
Theodoros M. Diasakos
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