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Journal articles on the topic 'Bounded and Ecological Rationality'

Author: Grafiati

Published: 7 July 2024

Last updated: 31 July 2025

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1

Berg, Nathan. "The consistency and ecological rationality approaches to normative bounded rationality." Journal of Economic Methodology 21, no. 4 (2014): 375–95. http://dx.doi.org/10.1080/1350178x.2014.969910.

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2

Paparella, Antonio, Luigi Cembalo, and Christopher Topping. "GeSoN: A Geo-Social Network model applying bounded rationality to farmers in socio-ecological simulations." Food and Ecological Systems Modelling Journal 4 (June 29, 2023): e100714. https://doi.org/10.3897/fmj.4.100714.

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3

Lejarraga, José, and Maud Pindard-Lejarraga. "Bounded Rationality: Cognitive Limitations or Adaptation to the Environment? The Implications of Ecological Rationality for Management Learning." Academy of Management Learning & Education 19, no. 3 (2020): 289–306. http://dx.doi.org/10.5465/amle.2019.0189.

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4

Van der Merwe, Ragnar. "Rational Decision-Making in a Complex World." Logos & Episteme 13, no. 4 (2022): 381–404. http://dx.doi.org/10.5840/logos-episteme202213432.

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Prima facie, we make successful decisions as we act on and intervene in the world day-to-day. Epistemologists are often concerned with whether rationality is involved in such decision-making practices, and, if so, to what degree. Some, particularly in the post-structuralist tradition, argue that successful decision-making occurs via an existential leap into the unknown rather than via any determinant or criterion such as rationality. I call this view radical voluntarism (RV). Proponents of RV include those who subscribe to a view they call Critical Complexity (CC). In this paper, I argue that

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5

Foxon, Tim. "Bounded rationality and hierarchical complexity: Two paths from Simon to ecological and evolutionary economics." Ecological Complexity 3, no. 4 (2006): 361–68. http://dx.doi.org/10.1016/j.ecocom.2007.02.010.

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6

Riva, Silvia, Paola Iannello, and Alessandro Antonietti. "Health comes first: Smart heuristics to stay healthy." RICERCHE DI PSICOLOGIA, no. 3 (December 2021): 1–14. http://dx.doi.org/10.3280/rip2021oa12717.

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In the classical "jacket-calculator" dilemma it is postulated decision is regulated by a mental topical accounting process which orients people to consider a discount price when purchasing items. We proposed an adapted version of the classical "jacket-calculator" task re-framing the choice in a medical context. Our results supported the view that simple minimal mental accounts influence evaluation and choice in the medical context where time, instead of price, represents a fundamental cue of the decision analysis. The decision process adopted by participants tended to be associated with a lexi

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7

Stajkic, Bojana, and Kaja Damnjanovic. "The road to Nobel prize is paved with the conceptualisations of rationality from homo economicus to homo heuristicus." Theoria, Beograd 61, no. 2 (2018): 147–62. http://dx.doi.org/10.2298/theo1802147s.

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In this paper we present the main psychological conceptions of rationality: unbounded rationality, bounded rationality, optimization under constraints, and ecological rationality. We show how these concepts directed the research questions, and how they shaped psychological models of complex cognitive processes. In its symbolic tradition, for more than a century, the psychology, as a fundamental cognitive science, has been focused on the question of how the environment is represented in the cognitive system, how the cognitive system operates with those information, and, ultimately, what are the

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Farias, Hilder André Bezerra, Sérgio Luiz de Medeiros Rivero, and Márcia Jucá Teixeira Diniz. "Negative incentives and sustainability in the amazonian logging industry." Nova Economia 27, no. 3 (2017): 363–91. http://dx.doi.org/10.1590/0103-6351/2735.

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Abstract: This paper investigates the existence of lock-in of low technology and high environmental impact on Brazilian Amazon logging industry. The research employed evolutionary economics as a theoretical basis, especially the concept of technological trajectories. The duality of decisions involving logging - conventional logging (CL) versus reduced-impact logging (RIL) - was studied. An agent-based simulation model - in which decision-making under bounded rationality is based on a genetic algorithm - was implemented in Java programming language. Results demonstrate the existence of lock-in,

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9

Prußeit, Tabitha. "Intuiciones y racionalidad ecológica." Revista de Humanidades de Valparaíso, no. 24 (February 29, 2024): 145–62. http://dx.doi.org/10.22370/rhv2024iss24pp145-162.

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Through an ecological approach, it can be said that a person tries to identify the optimal action for him- or herself by a set of different possible actions through intuition. The debate about the ‘dual process theories’ takes up this idea and postulates two different ways to evaluate decision possibilities: A logical-analytical path and an intuitive (Magrabi and Bach, 2013). Predominantly, it is assumed that the logical-analytical path is related to rationality and therefore the path to strive for in rational decision-making. However, in science it has been shown that bounded rationality is t

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10

Liashenko, Oksana, and Olga Demianiuk. "ECONOMIC DIMENSIONS OF RESPONSIBLE CONSUMER BEHAVIOR IN SUSTAINABLE DEVELOPMENT." Економіка розвитку систем 7, no. 1 (2025): 71–80. https://doi.org/10.32782/2707-8019/2025-1-10.

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Addressing the global imperative of sustainable development requires a comprehensive, data- driven understanding of how individuals make consumption decisions when personal economic incentives conflict with broader collective ecological interests. This study investigates the behavioural mechanisms underpinning responsible consumer choices by integrating social preference theory with decision- framing effects. The research employs the Quantal Response Equilibrium (QRE) framework, accommodating bounded rationality and probabilistic strategic behaviour, to model the dynamic interaction between pr

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11

Choudhury, Avishek. "Toward an Ecologically Valid Conceptual Framework for the Use of Artificial Intelligence in Clinical Settings: Need for Systems Thinking, Accountability, Decision-making, Trust, and Patient Safety Considerations in Safeguarding the Technology and Clinicians." JMIR Human Factors 9, no. 2 (2022): e35421. http://dx.doi.org/10.2196/35421.

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The health care management and the medical practitioner literature lack a descriptive conceptual framework for understanding the dynamic and complex interactions between clinicians and artificial intelligence (AI) systems. As most of the existing literature has been investigating AI’s performance and effectiveness from a statistical (analytical) standpoint, there is a lack of studies ensuring AI’s ecological validity. In this study, we derived a framework that focuses explicitly on the interaction between AI and clinicians. The proposed framework builds upon well-established human factors mode

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12

Mainzer, Klaus. "Challenges of Complexity in the 21st Century. An Interdisciplinary Introduction." European Review 17, no. 2 (2009): 219–36. http://dx.doi.org/10.1017/s1062798709000714.

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The theory of nonlinear complex systems has become a proven problem-solving approach in the natural sciences from cosmic and quantum systems to cellular organisms and the brain. Even in modern engineering science self-organizing systems are developed to manage complex networks and processes. It is now recognized that many of our ecological, social, economic, and political problems are also of a global, complex, and nonlinear nature. Modern evolutionary economics can be modelled in the framework of complex systems and nonlinear dynamics. Historically, evolutionary economics was inspired by Schu

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13

Gambarotto, Francesca, Marco Rangone, and Stefano Solari. "Moral and Institutional Foundations of Sustainable Technological Entrepreneurship." Sustainability 15, no. 18 (2023): 13796. http://dx.doi.org/10.3390/su151813796.

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In this essay, we reflect on the conditions that allow firms to play a leading role in the ecological transition process. The essay starts with an analysis of the technological and economic features of eco-efficient technologies. We argue that they are weak levers for the ecological transition. As eco-efficiency is based on profit-maximising goals, the pace of the transition is unlikely to peak quickly. In fact, this profit motive restrains firms from fully embedding ecological principles in their choices. Some behavioural concerns arise, as rationally bounded firms are likely to pursue uncomp

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14

Santos, Bruno Maciel. "Poder, incerteza e heurísticas: contribuições da psicologia cognitiva para o estudo da tomada de decisões nas Relações Internacionais." Brazilian Journal of International Relations 8, no. 2 (2019): 353–84. http://dx.doi.org/10.36311/2237-7743.2019.v8n2.07.p353.

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A falta de consenso sobre uma definição de poder e sobre como lidar com a incerteza nas Relações Internacionais são problemas antigos nessa disciplina. Este artigo apresenta algumas contribuições da psicologia cognitiva relacionadas ao uso de heurísticas decisórias para as discussões acerca do conceito de poder e relacionadas à incerteza no campo das Relações Internacionais. Para tanto, realiza-se uma revisão das visões divergentes acerca do conceito do poder e da incerteza entre os três paradigmas mais influentes nas Relações Internacionais, apresentando como cada um deles define esses dois c

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15

Aumann, Robert J. "Rationality and Bounded Rationality." Games and Economic Behavior 21, no. 1-2 (1997): 2–14. http://dx.doi.org/10.1006/game.1997.0585.

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16

Grüne-Yanoff, Till. "Bounded Rationality." Philosophy Compass 2, no. 3 (2007): 534–63. http://dx.doi.org/10.1111/j.1747-9991.2007.00074.x.

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17

Jones, Bryan D. "BOUNDED RATIONALITY." Annual Review of Political Science 2, no. 1 (1999): 297–321. http://dx.doi.org/10.1146/annurev.polisci.2.1.297.

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18

Ballester Pla, Coralio, and Penélope Hernández. "Bounded Rationality." Revista Internacional de Sociología 70, Extra_1 (2012): 27–38. http://dx.doi.org/10.3989/ris.2011.10.20.

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19

Lilly, Gregory. "Bounded rationality." Journal of Economic Dynamics and Control 18, no. 1 (1994): 205–30. http://dx.doi.org/10.1016/0165-1889(94)90076-0.

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20

ZHENG, ZIYU. "FROM RATIONALITY TO BOUNDED RATIONALITY*." Australian Economic Papers 44, no. 4 (2005): 455–74. http://dx.doi.org/10.1111/j.1467-8454.2005.00270.x.

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21

Friedman, Daniel, and Ariel Rubinstein. "Modeling Bounded Rationality." Southern Economic Journal 65, no. 2 (1998): 366. http://dx.doi.org/10.2307/1060679.

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22

Correa, Romar. "Bounded Social Rationality." Journal of Interdisciplinary Economics 10, no. 3 (1999): 169–75. http://dx.doi.org/10.1177/02601079x99001000301.

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23

Broadbent, Donald E. "(Un)Bounded Rationality." Contemporary Psychology: A Journal of Reviews 30, no. 4 (1985): 263–65. http://dx.doi.org/10.1037/023691.

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24

Skidd, David R. A. "Revisiting Bounded Rationality." Journal of Management Inquiry 1, no. 4 (1992): 343–47. http://dx.doi.org/10.1177/105649269214011.

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25

Board, Raymond. "Polynomially Bounded Rationality." Journal of Economic Theory 63, no. 2 (1994): 246–70. http://dx.doi.org/10.1006/jeth.1994.1042.

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26

Milov, O., O. Korol, and V. Khvostenko. "DEVELOPMENT OF THE CLASSIFICATION OF THE CYBER SECURITY AGENTS BOUNDED RATIONALITY." Системи управління, навігації та зв’язку. Збірник наукових праць 4, no. 56 (2019): 82–90. http://dx.doi.org/10.26906/sunz.2019.4.082.

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The subject are the bounded rationality agents of cyber security system. The purpose of this work is is to build a classification system for agents of a cybersecurity system with limited rationality. The tasks: consideration of the decisionmaking process by agents in cybersecurity systems, analysis of various manifestations of bounded rationality of agents of the cybersecurity system, introduction of classification features of bounded rationality, formal presentation of bounded rationality of various types, combining agents with various types of bounded rationality into a whole classification

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27

Schilirò, Daniele. "Economic Decisions and Simon’s Notion of Bounded Rationality." International Business Research 11, no. 7 (2018): 64. http://dx.doi.org/10.5539/ibr.v11n7p64.

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Decision making in economics has been always intertwined with the concept of rationality. However, neoclassical economic literature has been dominated by a specific notion of rationality, namely, perfect rationality, characterized by the assumption of consistency and by the maximization hypothesis. Herbert Simon, in his long research activity, questioned this concept of perfect or global rationality, suggesting a different vision, based on empirical evidence and regarding an individual’s choices. He challenged the neoclassical theory of global rationality, suggesting his notion of bounded rati

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28

Mills, Terence C., and T. J. Sargent. "Bounded Rationality in Macroeconomics." Journal of the Royal Statistical Society. Series A (Statistics in Society) 157, no. 3 (1994): 510. http://dx.doi.org/10.2307/2983545.

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29

Novikov, D. A. "Bounded Rationality and Control." Automation and Remote Control 83, no. 6 (2022): 990–1009. http://dx.doi.org/10.1134/s0005117922060145.

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30

Sheffrin, Steven M., and Thomas J. Sargent. "Bounded Rationality in Macroeconomics." Economica 62, no. 245 (1995): 134. http://dx.doi.org/10.2307/2554781.

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31

Vaughan, Mark D., and Thomas Sargent. "Bounded Rationality in Macroeconomics." Southern Economic Journal 62, no. 1 (1995): 298. http://dx.doi.org/10.2307/1061418.

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32

Cristofaro, Matteo. "Herbert Simon’s bounded rationality." Journal of Management History 23, no. 2 (2017): 170–90. http://dx.doi.org/10.1108/jmh-11-2016-0060.

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Purpose The purpose of this paper is to investigate the historical advancements attained on the bounded rationality concept in management research, considering the key influencing discoveries in related fields. Understanding the cross-fertilization that has occurred is the first step to go beyond the current knowledge on bounded rationality and to face its challenges. Design/methodology/approach The adopted method is historical. This research approach helps to explain the evolution of a widespread concept in a scientific field and, particularly, to identify the parallel influencing advancement

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33

Williamson, Paul. "Learning and Bounded Rationality." Journal of Economic Surveys 11, no. 2 (2002): 221–30. http://dx.doi.org/10.1111/1467-6419.00031.

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34

Abrahamian, Andray. "North Korea's Bounded Rationality." Survival 61, no. 1 (2019): 141–60. http://dx.doi.org/10.1080/00396338.2019.1568048.

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35

Grabiszewski, Konrad. "Rationalizing epistemic bounded rationality." Theory and Decision 78, no. 4 (2014): 629–37. http://dx.doi.org/10.1007/s11238-014-9455-y.

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36

Nyarko, Yaw, Michael Woodford, and Nicholas C. Yannelis. "Bounded rationality and learning." Economic Theory 4, no. 6 (1994): 811–20. http://dx.doi.org/10.1007/bf01213813.

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37

Evans, Jonathan St B. T. "Reasoning with Bounded Rationality." Theory & Psychology 2, no. 2 (1992): 237–42. http://dx.doi.org/10.1177/0959354392022011.

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38

De Vany, Arthur. "Bounded rationality in macroeconomics." Journal of Economic Dynamics and Control 20, no. 5 (1996): 811–17. http://dx.doi.org/10.1016/0165-1889(95)00876-4.

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39

Новиков, Дмитрий Александрович, and Dmitriy Novikov. "Bounded Rationality and Control." Mathematical Game Theory and Applications 14, no. 1 (2023): 49–84. http://dx.doi.org/10.17076/mgta_2022_1_44.

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The rationality constraint condition is formulated, which states that when solving control, computing and communication problems ($C^3$) together, real-time requirements may not make it possible to find the optimal solution (control action), forcing the use of almost optimal solutions (the best found with the existing restrictions on the search procedure). This condition connects and demonstrates the unity and deep interconnection of such concepts common in management and optimization as: necessary diversity, limited rationality, analytical complexity, heuristics, records in real-time optimiza

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40

Long, Xueqin, Liancai Zhang, Yuejiao Wang, and Hongzhi Guan. "Dynamic Evolution of Traveler’s Bounded-Rational Route Choice Behavior." Journal of Advanced Transportation 2018 (December 4, 2018): 1–12. http://dx.doi.org/10.1155/2018/4378364.

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Travelers’ route choice shows bounded-rationality because of different perceptions of route attributes. Based on the bounded-rationality, the paper proposes the dynamic evolution rules and route choice model, and simulation method is applied to study the evolution process and results. The model includes three parameters reflecting the bounded-rationality of travelers. First, simulation results show that the bounded-rationality affects the evolution process. The switching threshold or the perception deviance is larger, convergence rate is faster, and shorter time is needed to reach equilibrium

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41

DeMoor, Michael J. "Societal Rationality: Bounded or Embedded?" Philosophia Reformata 84, no. 2 (2019): 171–93. http://dx.doi.org/10.1163/23528230-08402001.

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This paper offers a characterization and critique of the idea of bounded rationality and its consequences for public policy. It offers an alternative way of accounting for the crucial features of human rationality that bounded rationality sees, using categories inspired by the Reformational philosophy of Herman Dooyeweerd and others, and then shows how this alternative account of the “bounds” of human rationality points toward an alternative orientation toward public policy-making.

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42

Wu, Xinlin, and Yong Zhao. "Research on Bounded Rationality of Fuzzy Choice Functions." Scientific World Journal 2014 (2014): 1–7. http://dx.doi.org/10.1155/2014/928279.

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The rationality of a fuzzy choice function is a hot research topic in the study of fuzzy choice functions. In this paper, two common fuzzy sets are studied and analyzed in the framework of the Banerjee choice function. The complete rationality and bounded rationality of fuzzy choice functions are defined based on the two fuzzy sets. An assumption is presented to study the fuzzy choice function, and especially the fuzzy choice function with bounded rationality is studied combined with some rationality conditions. Results show that the fuzzy choice function with bounded rationality also satisfie

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43

Liu, Zhizhen, Hong Chen, Hengrui Chen, Xiaoke Sun, and Qi Zhang. "Trip Cost Estimation of Connected Autonomous Vehicle Mixed Traffic Flow in a Two-Route Traffic Network." Journal of Advanced Transportation 2020 (October 10, 2020): 1–10. http://dx.doi.org/10.1155/2020/8884732.

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With the advancement of connected autonomous vehicle (CAV) technology, research on future traffic conditions after the popularization of CAVs needs to be resolved urgently. Bounded rationality of human drivers is essential for simulating traffic flow precisely, but few studies focus on the traffic flow simulation considered bounded rationality in CAV mixed traffic flow. In this study, we introduce random bounded rationality into the hybrid feedback strategy (HFS) under CAV mixed traffic flow to explore the impacts of CAV penetration rate on the trip cost of vehicles. First, we investigated the

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44

Permana, Aemillianus Yollan, and Nur Wening. "The Influence of Groupthink and Bounded Rationality in Decision-Making on Public Policy." Eduvest - Journal of Universal Studies 4, no. 3 (2024): 855–70. http://dx.doi.org/10.59188/eduvest.v4i3.1086.

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In public policy, the decision-making process can be influenced by several factors, including groupthink and bounded rationality. However, decision making must still be done with a systematic approach, thinking, and choosing the alternative with the lowest risk from the existing alternatives. Decision making without careful consideration, especially regarding public policy, will be very vulnerable to public criticism because it has political content and is related to the interests of many people. Based on literature studies, the existence of groupthink and bounded rationality can have a positi

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45

Yin, Yi Lin, Zhi Chao Xu, and Qing Song Zou. "Research on Bias of Owner's Decision-Making in Risk-Sharing in Construction Project - A Perspective of Bounded Rationality." Applied Mechanics and Materials 357-360 (August 2013): 2164–70. http://dx.doi.org/10.4028/www.scientific.net/amm.357-360.2164.

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Bounded rationality has an important impact on owners decision-making of risk-sharing in the project. Based on the hypothesis of bounded rationality, the paper established a risk-sharing game model concerning owners reference dependency and loss aversion, as well as conducted the quantitative analysis. The finding shows that comparing with the hypothesis of rationality, if taking the ex-post transaction cost as reference, when owner considers that the cost of risk management is smaller, the bounded rationality would make the owner prefer the proper risk-sharing; when owner considers that the c

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46

Xia, Yiyu. "A Study on Evolution Game of Accounts Receivable Pledge Financing in Supply Chain Finance Model." International Business Research 15, no. 12 (2022): 39. http://dx.doi.org/10.5539/ibr.v15n12p39.

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In practice, due to information asymmetry and the bounded rationality of game participants, most of the actions taken by game participants are irrational. The evolutionary game theory is based on bounded rationality and looks at the adjustment process of group behavior through the perspective of system theory. Therefore, this paper will use the idea of evolutionary game to discuss the issue of SMEs&#39; accounts receivable pledge financing under the supply chain finance model. This paper builds the model on the basis that both sides of the game are bounded rationality. In real life, the be

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47

Xia, Yiyu. "A Study on Evolution Game of Accounts Receivable Pledge Financing in Supply Chain Finance Model." International Business Research 15, no. 12 (2022): 38. http://dx.doi.org/10.5539/ibr.v15n12p38.

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In practice, due to information asymmetry and the bounded rationality of game participants, most of the actions taken by game participants are irrational. The evolutionary game theory is based on bounded rationality and looks at the adjustment process of group behavior through the perspective of system theory. Therefore, this paper will use the idea of evolutionary game to discuss the issue of SMEs&#39; accounts receivable pledge financing under the supply chain finance model. This paper builds the model on the basis that both sides of the game are bounded rationality. In real life, the be

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48

Secchi, Davide. "Agent-based models of bounded rationality." Team Performance Management: An International Journal 23, no. 1/2 (2017): 2–12. http://dx.doi.org/10.1108/tpm-12-2016-0052.

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Purpose The purpose of this editorial is to introduce the Special Issue “Agent-Based Models of Bounded Rationality” and to provide an overview of its rationale and main objectives. Design/methodology/approach After outlining the overall framework to justify the choice of agent-based modeling in relation to bounded rationality, an overview of the six papers published in the Special Issue is presented. Findings The paper argues that simulation of complex adaptive social systems is a way to set the ground for updating the concept of bounded rationality and prepare for it to still play a significa

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49

Fiedler, Ingo. "Bounded Rationality in Compulsive Consumption." Journal of Business Theory and Practice 9, no. 1 (2021): p30. http://dx.doi.org/10.22158/jbtp.v9n1p30.

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The standard microeconomic assumption is that consumers’ choices maximize consumers’ utility. This theoretical article challenges this assumption by presenting a framework of an extreme case: compulsive consumption. Backed by a wide range of existing empirical evidence it is shown by the example of pathological gamblers that some consumers (1) have inconsistent preferences, (2) underestimate the time horizon and the frequency of consumption, and (3) underestimate the costs and overestimate the benefits of consumption. The results do not necessarily violate rational choice theory if interpreted

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50

Arunachalam, V. S., and R. Bhaskar. "Bounded Rationality and Materials Selection." MRS Bulletin 24, no. 10 (1999): 57–61. http://dx.doi.org/10.1557/s0883769400053264.

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The vulnerabilities inherent in choosing an innovative material for a design can make for technological catastrophe. The points of weakness are not dependent on the technical nature of the innovation, but instead are intrinsic to human problem-solving and decision-making. We present a computational approach for managing and containing this fallibility using ideas from cognitive science and artificial intelligence, in particular, understanding how the boundedly rational behavior of humans and organizations leads to specific kinds of errors that affect the choice and use of materials.Materials c

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