Information Theory - The Bridge Connecting Bounded Rational Game Theory\n and Statistical Physics [PDF]
, 2004 17 pages, no figures, accepted for ...
David H. Wolpert
core +9 more sources
A Theory of Bounded Inductive Rationality [PDF]
Electronic Proceedings in Theoretical Computer Science, 2023 In Proceedings TARK 2023, arXiv:2307 ...
Caspar Oesterheld +2 more
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A Game-Theory-Based Approach to Modeling Lane-Changing Interactions on Highway On-Ramps: Considering the Bounded Rationality of Drivers [PDF]
Mathematics, 2023 In highway on-ramp sections, the conflictual interactions between a subject vehicle (merging vehicle) in the acceleration lane and a following vehicle (lagging vehicle) in the adjacent mainline can lead to traffic congestion, go–stop oscillations, and ...
Weihan Chen +5 more
doaj +2 more sources
Mental accounting theory‐based bounded‐rationality trading strategy of prosumers in transactive energy market [PDF]
IET Generation, Transmission & Distribution, 2023 In the transactive energy market (TEM), prosumers are assumed to be rational. However, prosumers’ trading behaviours are affected by many factors (e.g. social relations, personal preferences, and habits).
Xinyi Jing +4 more
doaj +2 more sources
Quantifying Motor Task Performance by Bounded Rational Decision Theory [PDF]
Frontiers in Neuroscience, 2018 Expected utility models are often used as a normative baseline for human performance in motor tasks. However, this baseline ignores computational costs that are incurred when searching for the optimal strategy. In contrast, bounded rational decision-theory provides a normative baseline that takes computational effort into account, as it describes ...
Sonja Schach +2 more
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Environmental Policy Theory Given Bounded Rationality and Other-regarding Preferences [PDF]
Environmental and Resource Economics, 2010 Established environmental policy theory is based on the assumption of homo economicus. This means that people are seen as fully rational and acting in a self-regarding manner. In line with this, economics emphasizes efficient policy solutions and the associated advantages of price incentives.
Elisabeth Gsottbauer +1 more
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Vaccination games of boundedly rational parents toward new childhood immunization [PDF]
Infectious Disease ModellingInfectious diseases harm societies through disease-induced morbidity, mortality, loss of productivity, and inequality. Thus, controlling and preventing them is critical for public health and societal well-being.
Wei Yin +2 more
doaj +2 more sources
Sociological Methods & Research, 2021 Researchers increasingly take advantage of the comparative case design to build theory, but the degree of case dependence is occasionally discussed and theorized. We suggest that the comparative case study design might be subject to an often underappreciated threat—dependence across cases—under certain conditions.
Nuno Oliveira, Davide Secchi
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(Un)Bounded Rationality in Decision Making and Game Theory – Back to Square One? [PDF]
Games, 2010 Game and decision theory start from rather strong premises. Preferences, represented by utilities, beliefs represented by probabilities, common knowledge and symmetric rationality as background assumptions are treated as “given.” A richer language enabling us to capture the process leading to what is “given” seems superior to the stenography of ...
Werner Güth, Hartmut Kliemt
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Quantum Decision Theory, Bounded Rationality and the Ellsberg Paradox [PDF]
Studies in Microeconomics, 2019 We test a simple quantum decision model of the Ellsberg paradox. We find that the theoretical predictions of the model are in conformity with our experimental results. The predictions of our quantum model are not statistically significantly different from those of the source dependent model.
Mengxing Wei +2 more
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