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Collective decision-making of voters with heterogeneous levels of rationality

Xu, Youzong - In: Public choice 178 (2019) 1/2, pp. 267-287

Persistent link: https://www.econbiz.de/10012151001

Limited attention in case-based belief formations

Bleile, Jörg - 2014

An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...

Persistent link: https://www.econbiz.de/10010403098

(Un)bounded rationality of decision deliberation

Güth, Werner - In: Journal of economic behavior & organization : JEBO 186 (2021), pp. 364-372

Persistent link: https://www.econbiz.de/10012656797

Random categorization and bounded rationality

Aguiar, Victor H. - In: Economics letters 159 (2017), pp. 46-52

Persistent link: https://www.econbiz.de/10011902886

Modeling the rational behavior of individuals on an e-commerce system

Aringhieri, Roberto; Duma, Davide; Fragnelli, Vito - In: Operations research perspectives 5 (2018), pp. 22-31

With the increasing popularity of e-commerce systems, commercial transactions are becoming more and more frequent. Such transactions are not direct but mediated, putting the buyer in a position of weakness with respect to the seller, especially in the case of a failure of a transaction. The...

Persistent link: https://www.econbiz.de/10011956899

Rationalization of indecisive choice behavior by pluralist ballots

Alcantud, José Carlos R.; Cantone, Domenico; … - In: Journal of mathematical economics 109 (2023), pp. 1-8

Persistent link: https://www.econbiz.de/10014474749

A simple model of two-stage choice

Qin, Dan - In: Journal of mathematical economics 112 (2024), pp. 1-11

Persistent link: https://www.econbiz.de/10015071791

Optimally biased expertise

Ilinov, Pavel; Matveenko, Andrei; Senkov, Maxim; … - 2022

Persistent link: https://www.econbiz.de/10013414362

Heuristics and public policy : decision making under bounded rationality

Dhami, Sanjit S.; Al-Nowaihi, Ali; Sunstein, Cass R. - 2018

How do human beings make decisions when, as the evidence indicates, the assumptions of the Bayesian rationality … rationality, with particular emphasis on growing formalization of those departures, which add necessary precision. We also explore … the relationship between bounded rationality and libertarian paternalism, or nudges, and show that some recent objections …

Persistent link: https://www.econbiz.de/10011926917

Rational Inattention in Hiring Decisions

Acharya, Sushant - 2019

We provide an information-based theory of matching efficiency fluctuations. Rationally inattentive firms have limited capacity to process information and cannot perfectly identify suitable applicants. During recessions, higher losses from hiring unsuitable workers cause firms to be more...

Persistent link: https://www.econbiz.de/10012892802