represented to make their choice. In this paper, we model representations and decision procedures operating on them. We show that … outside world in a structured way. Online search results are lists of items, wine menus are often lists of lists (grouped by …. Representations constrain how an agent can choose. At the same time, an agent can also leverage representations when choosing …

We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on …

the outside world in a structured way. Online search results are lists of items, wine menus are often lists of lists …. Representations constrain how an agent can choose. At the same time, an agent can also leverage representations when choosing … make his choice.In this paper, we model representations and choice procedures operating on them. We ask which properties …

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 …

Expected utility theory (EUT) is currently the standard framework which formally defines rational decision-making under …

on perspective taking in games, we hypothesize that introduction of imagine-self perspective-taking by decision … be played due to not full rationality of the opponents or their specific not self-interested motivation. However …

This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own …’s research is how human beings organize themselves in different structures of distributed decision making in order to achieve a … degree of rationality that is higher than which can be attained by the individual. In this realm his main preoccupation are …

preferences. Among the behavioral patterns that allow for a clear-cut interpretation on the decision level, we find that roughly …

handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is …