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Experimental studies on economic loss caused by bounded rationality in individual decision-making
一憲 藥師寺
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Representation gap for transition factors from social sciences in energy and emissions modeling
Kunnas S, Trutnevyte E.
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Reasonable bounds on rationality
Mind & Society, 2020Previous theory and research on bounded rationality has emphasized how limited cognitive resources constrain people from making utility maximizing choices. This paper expands the concept of bounded rationality to consider how people’s rationality may be constrained by their internalization of a qualitatively distinct standard for sound judgment, which ...
Igor Grossmann, Richard Eibach
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Marketing Letters, 1999
This paper deals with bounded rationality as a way to describe behavior and focuses on the question of how to build such boundedly rational models. The first part is a discussion of the reasons why such models are needed and on the situations in which they can be regarded as more particularly useful.
Munier, Bertrand +12 more
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This paper deals with bounded rationality as a way to describe behavior and focuses on the question of how to build such boundedly rational models. The first part is a discussion of the reasons why such models are needed and on the situations in which they can be regarded as more particularly useful.
Munier, Bertrand +12 more
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Rationality and Bounded Rationality
Games and Economic Behavior, 1997The author enumerates five objections against various economic models. In particular, he argues that there is no unified theory of bounded rationality, but that the development of computer science, complexity theory and so on created an intellectual climate conducive to the development of the theory of bounded rationality. Specially, the preparation of
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Bounded rationality and learning
Economic Theory, 1994This is an introduction to this issue of Econ. Theory, which is completely devoted to the topic `Bounded rationality and learning'.
Nyarko, Yaw +2 more
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