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Generalized bounded rationality and robust multicommodity network design

Sun, Longsheng; Karwan, Mark H.; Kwon, Changhyun - In: Operations research 66 (2018) 1, pp. 42-57

Persistent link: https://www.econbiz.de/10011818591

Has dynamic programming improved decision making?

Rust, John - In: Annual review of economics 11 (2019), pp. 833-858

Persistent link: https://www.econbiz.de/10012623842

A model of boundedly rational consumer choice : an agent based approach

Riechmann, Thomas - 2000

The paper presents an extended version of the consumer choice problem. Different from the standard model, prices are not fixed but arise from Walrasian interactions of total demand and a stylized supply function for each of the goods. Three different types of evolutionary algorithms are set up...

Persistent link: https://www.econbiz.de/10011526771

Fast computation algorithm for the random consideration set model

Lee, Young Hwan - In: Economics letters 179 (2019), pp. 38-41

Persistent link: https://www.econbiz.de/10012121683

A model of boundedly rational consumer choice : an agent based approach

Riechmann, Thomas - 2000

Persistent link: https://www.econbiz.de/10001476021

Is there an optimization in bounded rationality? : The ratio of aspiration levels

Beckenkamp, Martin (contributor) - 2004

Simons̕ (1955) famous paper was one of the first to cast doubt on the validity of rational choice theory; it has been … supplemented by many more papers in the last three and a half decades. Nevertheless, rational choice theory plays a crucial role in … classical and neoclassical economic theory, which presumes a completely rational agent. The central points characterizing such …