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ecological rationality research program, it presents the main factors that determine economic choices, before exploring the most … algorithms applied by people in decision-making processes, among which there are outstanding social concerns. Drawing these … of economics, management and the wider social sciences curious about decision-making procedures"-- …
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An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
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