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Goal Programming: From Constrained Regression to Bounded Rationality Theories
2010The purpose of the paper is to provide a critical overview of the decisionmaking approach known as Goal Programming (GP). The paper starts by tracing the origins of GP back to work by Charnes and Cooper at the end of the 1950s in fields like non-parametric regression, and the analysis of contradictions in non-solvable linear programming problems. After
Jacinto González-Pachón, Carlos Romero
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Should we abandon optimization theory? The need for bounded rationality
Journal of Economic Methodology, 2000This paper makes explicit the rhetoric of optimization. Various arguments are examined, in order to determine whether we should retain optimization theory or assume bounded rationality. Empirical evidence confounds optimization theory; in the face of experimental studies, an empirical dilemma emerges, according to which we should discard either the ...
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Semi-normative theories of bounded rationality – back to German roots
The European Journal of the History of Economic Thought, 2019AbstractThe ascent of behavioral economics suggests reviving bounded rationality models that have so far been sidelined in neo-classical economics.
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Theory of Information: From Bounded Rationality to Interpretive Reason
2001In the current terms of dominant economic theory, which I would qualify as Extended Standard Theory (as opposed to Standard Theory, represented by models of general equilibrium), the place of information is absolutely central. It is defined as a variation of subjective probabilities in a theory of rational decision,a variation with which it is always ...
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Decision Theory without Logical Omniscience: Toward an Axiomatic Framework for Bounded Rationality
Review of Economic Studies, 1999An agent is said to be logically omniscient if he knows all logical implications of his knowledge. The paper starts with the following observation: ``To use states of the world forces us to make one of two assumptions. Either we must assume that the agent knows all logical implications of his knowledge or we must assume that some of the states of the ...
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Bounded rationality and game theory
The Quarterly Review of Economics and Finance, 1996openaire +1 more source
Poly(ADP-Ribose) polymerase (PARP) inhibitors: Exploiting a synthetic lethal strategy in the clinic
Ca-A Cancer Journal for Clinicians, 2011Timothy A Yap, Johann Sebastian de Bono
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Computational predictions of energy materials using density functional theory
Nature Reviews Materials, 2016Anubhav Jain +2 more
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