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 …

choice making. We illustrate why this role is not being fulfilled well by standard models of full rationality and that … theories of bounded rationality are needed not only for better predictions, but also for developing better advice. Our main … point is that one cannot succeed here without studying how theories of bounded rationality causally influence the behavior …