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Once upon a time preference : how rationality and risk aversion change the rationale for discounting
Traeger, Christian - 2012
that are imposed in the evaluation of uncertain scenarios. Imposing all rationality constraints jointly eliminates pure …
Persistent link: https://www.econbiz.de/10009533970
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How to cope with (new) uncertainties : a bounded rationality approach
Güth, Werner; Kliemt, Hartmut - 2015
view. Though models of substantive rationality cannot serve as guidance for decision-making under uncertainty, we can … improve prescriptions for coping with uncertainties in view of evidence of substantive success or failure. Decision theory …
Persistent link: https://www.econbiz.de/10011283827
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Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting
Traeger, Christian P. - 2012
that are imposed in the evaluation of uncertain scenarios. Imposing all rationality constraints jointly eliminates pure …
Persistent link: https://www.econbiz.de/10013107349
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Rational Agents are the Quickest
Mandler, Michael - 2014
Suppose an agent chooses by proceeding through a sequence of criteria: for any pair of alternatives the first criterion that ranks the pair determines the agent's choice. Given any constraint on the capacity of the criteria to discriminate, choices that maximize complete and transitive...
Persistent link: https://www.econbiz.de/10013069948
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Learning-by-Erring : Towards a New View of Rationality in Economics
Matziorinis, Kenneth N. - 2020
The cornerstone of mainstream economic theory is the premise of rationality. Humans are assumed to be rational economic …
Persistent link: https://www.econbiz.de/10012837991
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The Rational Worker Theory
Annable, James - 2007
Worker on-the-job behavior has been largely, and curiously, ignored in mainstream economic theory. This paper corrects … disequilibrium. At its most ambitious, the rational-worker theory identifies general workplace equilibrium as an compelling …
Persistent link: https://www.econbiz.de/10012728469
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Approximate Expected Utility Rationalization
Echenique, Federico - 2019
deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …
Persistent link: https://www.econbiz.de/10012892237
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Measuring Rationality : Percentages vs Expenditures
Allen, Roy - 2019
far choices are from a given theory. Recent work has investigated the correlation between measures of rationality and … measure rationality -- percentage expenditure vs dollars expenditure. We find that correlations can change sign when we change …
Persistent link: https://www.econbiz.de/10012869086
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Herbert A. Simon e o conceito de racionalidade : Limites e procedimentos (Herbert A. Simon and the Concept of Rationality: Boundaries and Procedures)
Barros, Gustavo - 2016
rationality in two of its principal general definitions: bounded rationality and procedural rationality. It argues that the latter … specificity of the concept of bounded rationality one of the reasons for its relatively greater success …
Persistent link: https://www.econbiz.de/10012991744
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Do social norms trump rational choice in voluntary climate change mitigation? : multi-country evidence of social tipping points
Welsch, Heinz - 2021
change mitigation responds negatively to larger contributions by others whereas social norm theory maintains that one's own …
Persistent link: https://www.econbiz.de/10012617420