rational and introduce the notion of a rational belief hierarchy, where the first order beliefs are described by a rational … implying that the agent may attach an irrational probability to some Borel event even if she has a rational belief hierarchy. …

, financing and production decisions have to be made, we demonstrate how bounded rationality can be quantified and separated into … made by the participants of the game have been strongly influenced by bounded rationality. They also show that both … incomplete information and limited cognitive abilities are relevant components of the bounded rationality that has been displayed …

The weak rationality principle is not an empirical statement but a heuristic rule for how to proceed in social sciences …-foundation and, therefore, to employ the rationality assumption in economic models. Then, we discuss whether the anomalies of … individual behaviour as highlighted in modern behavioural economics impair the applicability of the weak rationality principle …

Probleme des freien Willens sowie der Willensschwaeche im Rahmen des oekonomischen Verhaltensmodells. (The weak rationality … rationality assumption in economic models. Then, we discuss whether the anomalies of individual behaviour as highlighted in modern … behavioural economics impair the applicability of the weak rationality principle. This is not the case. We conclude with some …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

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 …

The weak rationality principle is not an empirical statement but a heuristic rule how to proceed in social sciences. It …, therefore, employ the rationality assumption in economic models. Then, with reference to the ?bounded rationality’ approach, the … rationality assumption. We conclude with some remarks of handling the problems of ?free will’ as well as ?weakness of the will …

The weak rationality principle is not an empirical statement but a heuristic rule of how to proceed in social sciences …-foundation and, therefore, employ the rationality assumption in economic models. Then, with reference to the ‘bounded rationality … a part of the rationality assumption. We conclude with some remarks on handling the problems of ‘free will’ as well as …