theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a …If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …

discuss its compatibility with two strands of Karl Popper's philosophy: his theory of knowledge and learning, and his … "rationality principle" (RP). First, we show that the REH is utterly incompatible with the former. Second, we argue that the REH …

Theory of Price Movements" (Econometrica 1961). The panel consists of Michael Lovell, Robert Lucas, Dale Mortensen, Robert …

This papers contributes to the stream of research on rule based behavior, and rationality. A bounded rational agent can … Ecological rationality, yet, evidences the possible advantage of using a limited amount of information. The present paper takes a … hypothesis to be continuously tested. This vision of bounds and learning has many implications for the debate on rationality and …

rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …