The ecological rationality of heuristics has been extensively investigated in the domain of individual decision making … versus more complex decision policies (or strategies) from the experimental game theory literature is an important first step …. In strategic decision making, however, the focus has been on repeated games, and there is a lack of research on 1-shot …

The standard tool for analysing social dilemmas is game theory. They are reconstructed as prisoner dilemma games. This … typically not based on ad hoc calculation. Rather, individuals rely on situational heuristics for the purpose. This paper does … two things: it offers a model of heuristics, in the interest of making behaviour that is guided by heuristics comparable …

successful use of heuristics in business decision making can be understood by using ecological rationality as an investigative …Behavioral economists use psychological findings to evaluate and revise economic decision theory, to build models that … neoclassical rationality. One of the main sources of psychological insight is the heuristics and biases research program. This …