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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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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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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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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]
SSRN Electronic Journal, 2015 Germano acknowledges financial support from the Spanish Ministry of Economy and Competitiveness (Grant ECO2014-59225-P), as well as from the Barcelona GSE Research Network and the Generalitat de Catalunya. Zuazo-Garin acknowledges financial support from the Spanish Ministry of Science and Technology (Grant ECO2009-11213), from the Spanish Ministry of ...
Fabrizio Germano, Peio Zuazo-Garin
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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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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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