theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a …If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …

rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …

We analyze differences in consumption and wealth that arise because of different degrees of rationality of households … other fraction possesses less cognitive ability. We identify the rationality bias of boundedly rational agents, defined as a … rationality bias can be decomposed into three individual components: the consumption expectation bias, the real interest rate bias …

We analyze differences in consumption and wealth that arise because of different degrees of rationality of households … other fraction possesses less cognitive ability. We identify the rationality bias of boundedly rational agents, defined as a … rationality bias can be decomposed into three individual components: the consumption expectation bias, the real interest rate bias …

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 …