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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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On Bounded Rational Trace Languages [PDF]
Theory of Computing Systems, 2008 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Christian Choffrut +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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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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Bounded Rationality and Correlated Equilibria [PDF]
International Journal of Game Theory, 2016 We study an interactive framework that explicitly allows for non-rational behavior. We do not place any restrictions on how players' behavior deviates from rationality. Instead we assume that there exists a probability p such that all players play rationally with at least probability p, and all players believe, with at least probability p, that their ...
Fabrizio Germano, Peio Zuazo-Garin
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Dynamic Evolution of Traveler’s Bounded-Rational Route Choice Behavior
Journal of Advanced Transportation, 2018 Travelers’ route choice shows bounded-rationality because of different perceptions of route attributes. Based on the bounded-rationality, the paper proposes the dynamic evolution rules and route choice model, and simulation method is applied to study the
Xueqin Long +3 more
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Why bounded rationality (in epistemology)? [PDF]
, 2023 Bounded rationality gets a bad rap in epistemology. It is argued that theories of bounded rationality are overly context-sensitive; conventionalist; or dependent on ordinary language (Carr 2022; Pasnau 2013). In this paper, I have three aims.
David Thorstad
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The Rationality Dialogy Between Economics and Psychology
Contemporary Social Sciences, 2016 Economics and psychology take distinct approaches to predicting and formalizing human behavior. Economics focuses on the normative view of rationality, while psychology emphasizes the descriptive nature of rationality.
Jing Qian
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Simulating Systems Thinking under Bounded Rationality
Complexity, 2020 Brian Arthur’s El Farol bar model of bounded rationality provides a simple computer model of decision making in a complex, dynamic, and self-organized environment.
Mark W. Sellers +2 more
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BOUNDED RATIONALITY IN DECISION-MAKING [PDF]
Challenges of the Knowledge Society, 2019 The purpose of this paper is to study the relationship between rationality and decision making. As a specific objective it will be explained the benefit of learning in the decision making process derived from its results.
José G. VARGAS-HERNÁNDEZ +1 more
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