This papers contributes to the stream of research on rule based behavior, and rationality. A bounded rational agent can … Ecological rationality, yet, evidences the possible advantage of using a limited amount of information. The present paper takes a … hypothesis to be continuously tested. This vision of bounds and learning has many implications for the debate on rationality and …

thus to display inertial behavior): A cognitive bias referred to as cognitive inertia and a bound on rationality which we …

This paper contrasts the modern use of the assumption that rationality guides individual economic behaviour, as … notions of rationality based on the availability of information, ability to reason (cognitive skills), and even morality …. Learning played a major role in individuals achieving what was referred to as complete rationality. I draw on these ideas, and …