The modelling of bounded rationality is currently pursued by approaches that exhibit a wide diversity of methodologies. This special issue collects five contributions that discuss different methodological aspects of these approaches. In our introduction, we map the variety of methodological...

This response to Reiss 'explanatory paradox' argues that some economic models might be true, and that many economic models are not intended for providing how-actually explanations, but rather how-possibly explanations. Therefore, two assumptions of Reiss' paradox are not true, and the paradox...