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Bounded Rationality, Indeterminacy, and the Theory of the Firm [PDF]
The Economic Journal, 1996 Two issues have become increasingly apparent in attempts to apply the prevailing notions of' economic rationality' to the theory of the organisation of business firms. The first goes under the rubric of bounded rationality. This is hardly a new idea, and has been forcefully brought to our attention in the work of Simon and others, although awareness of
Roy Radner
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Herbert A. Simon and Contemporary Theories of Bounded Rationality [PDF]
SSRN Electronic Journal, 2009 Firstly, the paper seeks to show that Simon's notion of bounded rationality should be interpreted in light of its connection with artificial intelligence. This connection points out that bounded rationality is a highly structured concept, and sheds light on several implications of Simon's general view on rationality, especially as regards ...
Stefano Fiori
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IOP Conference Series: Earth and Environmental Science, 2021 Abstract Covid-19 pandemic is attacking almost whole parts of the world. This negatively affects the most Sustainable Development Goals (SDGs) agenda. This study is intended to identify the MSME’s sustainable economic behavior for struggling poverty through the literature review of agency theory and bounded theory. This literature review
Setiawan Noviarto +1 more
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New Directions in Economic Theory - Bounded Rationality [PDF]
, 1990 Ariel Rubinstein, Rubinstein, Ariel
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Bounded rationality in games : theory, experiments, and applications
, 2013 This dissertation combines three contributions to the literature on bounded rationality in games. The aim of this thesis is to improve our understanding of how individuals make decisions in games, improve our ability to model this behavior and increase our understanding of how bounded rationality affects predictions, policy and optimal mechanisms.
Terri Kneeland
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Essays on bounded rationality in epistemic game theory [PDF]
, 2016 Angie Mounir
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Behavioral influences on strategic interactions outcomes in game theory models [PDF]
Yugoslav Journal of Operations Research, 2021 Traditional decision-making models assume full rationality of all actors. Nevertheless, the practice has shown that the behavior and choices of actors are influenced by many factors such as motives, beliefs, opinions, personal and social preferences, as ...
Kuzmanović Marija
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Transparent, simple and robust fast-and-frugal trees and their construction
Frontiers in Human Dynamics, 2022 Today, diagnostic reasoning combines common and specialized knowledge, elements of numeracy, some facility with the basics of probability theory and, last but not least, ease in interactions with AI tools. We present procedures and tools for constructing
Laura Martignon +2 more
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Extended Model on Structural Stability and Robustness to Bounded Rationality
Complexity, 2021 In this article, we focus on an extended model M¯ of bounded rationality. Based on a rationality function with lower semicontinuity, we analyze the relationship between structural stability and robustness of Ω¯.
Yi Liao +4 more
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The Ordering Optimization Model for Bounded Rational Retailer with Inventory Transshipment
Mathematics, 2022 In order to study retailers’ ordering behavior deviating from the standard theoretical optimal decision, which is caused by retailers’ information asymmetry, cognitive ability, insufficient computing ability, and other factors, we construct a bounded ...
Qingren He +3 more
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