In order to employ and exhibit our Simon-inspired approach to computational economics, and specifically defend our version of the view that even logically untrained humans are rational, albeit no more than “boundedly” so, we provide two models, both rooted in computational logic, of how it...

Various Computational Intelligence (CI) tools have been devised to depict the essential learning or adapting processes people adopt when they are making decisions. If the learning process people possess is indeed well described by some CI algorithms, then there arise an interesting question:...