Kacelnik, Schuck-Paim and Pompilio (this volume, p. 377) show that rationality axioms from economics are neither … claim that economic rationality implies biological adaptiveness is Kacelnik et al’s example of female ruffs that are worse … economic rationality. Together, the two examples demonstrate that axiomatic norms are both unnecessary and insufficient for …

rationality) when this may be observed by one's opponent. We present a model in which the strategic environment determines which … kind of rule rationality is adopted by the players. We apply the model to characterize the induced rules and outcomes in … various interesting environments. Finally, we show the close relations between act rationality and “Stackelberg stability” (no …

translates into better analytic reasoning and a better ‘theory of mind’ …

We study product differentiation on a Salop circle when firms relocate incrementally due to bounded rationality. We …

This article evaluates Herbert A. Simon’s contribution to organization theory, placing special emphasis on the … criterion of bounded rationality. Simon’s criticism of the orthodox version of organizational bureaucracy is interpreted and his … analysis is extended to institutional economics. One of Simon’s main achievements in organizational theory consisted of …

I propose a dynamic game model that is consistent with the paradigm of bounded rationality. Its main advantages over … the traditional approach based on perfect rationality are that: (1) the strategy space is a chain-complete partially …