that the results can be understood as a reminder of the importance of context to the constitution of “rationality ….” Reinterpreting the results in light of “ecological rationality” – which takes account of context – reveals that the problem may not … be with the respondents, but with the conception of rationality as necessarily context independent. “Facts” are …

This paper sketches important concepts of rationality. It concentrates on bounded rationalityand provides descriptions … underlying concept of ecological rationality in judgment and decision making withthe field of management research. This area has … in this debate on rationality, this paper presents a sketchof the fast and frugal heuristic program as well as short …

their part are connected to well defined, probably uncertain payoffs. However, bounded rationality abandons this assumption … rationality does (mostly) not assume real world decision problems to appear in closed form, but treats them as open. Consequently …, in the bounded rationality domain the question of how to close a decision problem, i.e. transforming it from open to …

For decision making various theories exist beyond Bernoulli rationality and subjectiveexpected utility. A special …