In this paper we explore the usefulness of a particular model of bounded rationality in the context of voting to show a crucial relationship between uncertainty about players' actions (in the information that voters receive or in how they make their decisions) and levels of turnout. The model...

A central question in game theory and artificial intelligence is how a rational agent should behave in a complex environment, given that it cannot perform unbounded computations. We study strategic aspects of this question by formulating a simple model of a game with additional costs...

During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition and, indirectly, of behaviorism we...