Bounded Rationality – alle Bücher und CDs

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Arbouretum

Let It All In

Product Information Arbouretum’s mystic folk-rock collapses a continuum of 20th century music into decidedly classic song structures. English folk, country blues, Americana and 70s psychedelia all serve…

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David Thorstad

Inquiry Under Bounds

Recent work in the epistemology of inquiry transcends traditional epistemology, asking how agents should collect and assess evidence in order to decide what to believe. Thorstad links the epistemology of …

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Shiva

Balancing Risk and Reward: How Subjects Value Information in a Discrete-Time Experiment

Expected Utility Theory (EUT): This framework assumes individuals choose actions that maximize their expected utility. Information can be valuable because it reduces uncertainty about future outcomes, all…

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John B Davis

Identity, Capabilities, and Changing Economics

Mainstream economics assumes economic agents act and make decisions to maximize their utility. This model of economic behavior, based on rational choice theory, has come under increasing attack in economi…

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Maija Halonen-Akatwijuka, Oliver Hart

More is Less

"Why are contracts incomplete? Transaction costs and bounded rationality cannot be a total explanation since states of the world are often describable, foreseeable, and yet are not mentioned in a contract…

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