We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … evidence raises doubts about the choice of language that equates consistency with rationality in economics. …

This paper sketches important concepts of rationality. It concentrates on bounded rationality and provides descriptions … underlying concept of ecological rationality in judgment and decision making with the field of management research. This area has … development in this debate on rationality, this paper presents a sketch of the fast and frugal heuristic program as well as short …

In this paper, we examine the concept of rule rationality, which implies that people do not necessarily maximize their … of rationality …

In a Nash equilibrium, players' rationality is mutual knowledge. However, both intuition and experimental evidence … suggest that players do not know for sure the rationality of opponents. This paper proposes a new equilibrium concept … equilibrium, players do not necessarily know the rationality of opponents, but they view rationality as infinitely more likely …

explicit the role of knowledge about rationality of players, not only that of payoff functions. For this purpose, we use an … bound order of mutual knowledge of rationality. This result implies that under common knowledge of rationality, the …

given problem is framed. Thus, real world agents are only, it is said, capable of a bounded rationality, using rules of … thumb and various heuristics (sometimes helpful, sometimes not) rather than the fully fledged maximizing rationality that is … normative account of rationality that animates rational choice theory, and not just the positive account that is criticized by …

Epistemic game theory formalizes assumptions about rationality and mutual beliefs in a formal language, then studies … their behavioral implications in games. Specifically, it asks: what do different notions of rationality and different … assumptions about what players believe about…what others believe about the rationality of players imply regarding play in a game …