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This work challenges the very notion of bounded rationality as dangerously too near to some "unbounded rationality …" used as a benchmark. Should we assume that there is an "unbounded" rationality as a benchmark? Should one start, in order … of more or less significant deviations from the "Olympic rationality". On the contrary, we suggest, human beings and …
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suggest that fast and frugal robust heuristics are not a second-best option: rather they are "rational" in macroeconomic …
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If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
Persistent link: https://www.econbiz.de/10011990913
If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
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