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an appropriate value for this parameter. The use of dominance rules to improve the solutions obtained by these heuristics …
Persistent link: https://www.econbiz.de/10005031589
rational choice. Critics of rational choice and believers in "fast and frugal heuristics" propose another approach: using … certain formulations or general principles (heuristics) to help navigate in an environment that is not a well-ordered setting … characterized by an unmanageable degree of complexity. This is the intuition behind behavioral law and economics. In Heuristics and …
Persistent link: https://www.econbiz.de/10005034434
. In this paper, we describe two heuristics and compare them with each other on some (variants of) real-life instances of … NS, the main Dutch passenger railway operator. Finally, to get some insight in the quality of the proposed heuristics, we …
Persistent link: https://www.econbiz.de/10005034769
optimal conditional on utility functions departing from risk neutrality, or heuristics derived from limited cognitive … standard search task as well as a lottery task designed to elicit utility functions. We find that search heuristics are not …
Persistent link: https://www.econbiz.de/10005187339
Persistent link: https://www.econbiz.de/10005678324
Neoclassical economic theory is implicitly based on the assumption of atomistic individuals living in anonymous societies, unconnected to other individuals by kinship, ethnic, friendship or other social ties. Furthermore, neoclassical economic theory is based on a model of rational, omniscient...
Persistent link: https://www.econbiz.de/10005680144
In this article we propose a two stage procedure to model demand decisions by customers who are balancing several dimensions of a product. We then test our procedure by analyzing the behavior of buyers from an Austrian price comparison site. Although in such a market a consumer will typically...
Persistent link: https://www.econbiz.de/10005504575
Given a set of timetabled tasks, the multi-depot vehicle scheduling problem is a well-known problem that consists of determining least-cost schedules for vehicles assigned to several depots such that each task is accomplished exactly once by a vehicle. In this paper, we propose to compare the...
Persistent link: https://www.econbiz.de/10005450847
heuristics to guide the user in a maze of facts, assertions, and inferences, the Web remains an ineffective knowledge delivery … heuristics in XML format. It then provides a subscription mechanism so users can join birds of feather specialty groups, for … example Pediatrics, in order to load specialized heuristics as well. The platform features a coordination mechanism whereby …
Persistent link: https://www.econbiz.de/10005459413
-of-the-art heuristics, and show that the procedure is capable of producing consistently good results for challenging instances of the … heuristics. …
Persistent link: https://www.econbiz.de/10005464831