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Cogent Psychology, 2023 Most of us understand that our rationality is bounded by our cognitive limitations, knowledge, set of beliefs, etc. Generally, however, people are not sufficiently aware of their own bounded rationality and demonstrate overprecision vis-à-vis their ...
Nirit Yuviler-Gavish +2 more
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Bridging the Gap between the Normative and the Descriptive: Bounded Epistemic Rationality [PDF]
Interdisciplinary Description of Complex SystemsThe aim of the article is to propose bounded epistemic rationality as a concept that blurs the divide between normative and descriptive approaches to the study of rationality.
Nastja Tomat
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Journal of Advanced Transportation, 2020 With the advancement of connected autonomous vehicle (CAV) technology, research on future traffic conditions after the popularization of CAVs needs to be resolved urgently.
Zhizhen Liu +4 more
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Interdependent Strategic Security Risk Management With Bounded Rationality in the Internet of Things [PDF]
IEEE Transactions on Information Forensics and Security, 2019 With the increasing connectivity enabled by the Internet of Things (IoT), security becomes a critical concern, and users should invest to secure their IoT applications.
Juntao Chen, Quanyan Zhu
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Journal of Politics, 2020 Why do citizens rely on partisan cues when forming political judgments? We assess the relative importance of two motives for partisan cue-following using a series of survey experiments.
Bert N. Bakker +2 more
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Where is Bounded Rationality From?
Annals of Business Administrative Science, 2015 “Bounded rationality” has become such a key concept that the mere mention of the name “Simon” calls this phrase to mind. Nonetheless, this phrase does not appear in the original text of Administrative Behavior (Simon, 1947, 1957, 1976, 1997). In spite of
Nobuo TAKAHASHI
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Bounded rationality and the Brexit negotiations: why Britain failed to understand the EU
Journal of European Public Policy, 2020 Research on the Brexit negotiations has linked the problems faced by Britain to flawed assumptions in the UK’s perception of EU interests. These include the idea that the EU would be open to compromise on key principles, that it would offer the UK a ...
F. Figueira, Benjamin Martill
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Modelling Bounded Rationality in Multi-Agent Interactions by Generalized Recursive Reasoning [PDF]
International Joint Conference on Artificial Intelligence, 2019 Though limited in real-world decision making, most multi-agent reinforcement learning (MARL) models assume perfectly rational agents -- a property hardly met due to individual's cognitive limitation and/or the tractability of the decision problem.
Ying Wen, Yaodong Yang, Jun Wang
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Information-Theoretic Bounded Rationality and ε-Optimality
Entropy, 2014 Bounded rationality concerns the study of decision makers with limited information processing resources. Previously, the free energy difference functional has been suggested to model bounded rational decision making, as it provides a natural trade-off ...
Daniel A. Braun, Pedro A. Ortega
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Merkel Government’s Refugee Policy: Under Bounded Rationality
Social Sciences, 2023 As the country hosting the most significant number of refugees in Europe, Germany’s Merkel government’s refugee policy has been repeatedly adjusted and plagued by inconsistencies and management failures.
Zhongqi Niu +3 more
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