Tag Search Results: decision making + bounded rationality
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NEWS
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PUBLICATIONS
  • Towards Formalizing the Observed Behavior of Choice (2008)

    Abstract: Formulating the problem of compound lotteries, which marks the origination of expected utility theory (EUT), has generated a stream of formal work in the field of economics decision making. Where subjective EUT determines the rational choice, exploring the process of choice and observed use...
    (My publication) Posted by: smousavi
  • Psychology and development economics (2004)

    In the standard economic model, people are unbounded in their ability to think through problems. Regardless of complexity, they can costlessly figure out the optimal choice. They are also unbounded in their self-control. In contrast to the traditional model, a growing body of research interprets economic...
    (My publication) Posted by: smullainathan
  • Toward a transactional theory of decision making: creative rationality as functional coordination in context (2003)

    This paper poses a Deweyan challenge to both the neoclassical framework of rational choice and models of bounded rationality and deliberation, especially the procedural theory of rationality advanced by Herbert Simon. We demonstrate how modern theories on procedural or instrumental rationality trace...
    (My publication) Posted by: smousavi
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