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neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
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neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
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If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
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