on the other players rationality is addressed within our multi-agent framework. We find that, if costs/payoffs act as …

Given any observed demand behavior by means of a demand function, we quantify by how much it departs from rationality … correcting matrix that would yield a Slutsky matrix with its standard rationality properties (symmetry, singularity, and negative … semidefiniteness). A useful classification of departures from rationality is suggested as a result. Variants, examples, and …

underlying Slutsky matrix norm (SMN) and some popular discrete revealed preference (RP) measures of departures from rationality …, such as the Afriat index. We show that testing rationality in the SMN aproach with finite data is equivalent to testing it … under the RP approach. We propose a way to "summarize" the departures from rationality in a systematic fashion in finite …

Many decision models in marketing science and psychology assume that a consumer chooses by proceeding sequentially … through a checklist of desirable properties. These models are contrasted to the utility maximization model of rationality in …

This paper studies optimal decision rules for a decision maker who can consult two experts in an environment without … environments with one expert. In order to derive optimal decision rules, we prove a constant-threat result that states that any out … property of an optimal decision rule is that it is simple and constant for a large set of experts' preferences and distribution …