bounded (or limited) rationality
Bounded Rationality and Bounded Reliability:A Study of Nonfamily Managers’ Entrepreneurial Behavior in Family Firms
... on bounded rationality and bounded reliability as microfoundations of managerial behavior, our study explicates the heterogeneity among non- family managers in family ...
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Policy Instruments for Evolution of Bounded Rationality: Application to Climate Energy Problems
... One has to treat our discussion of global warming with a grain of salt (but the same holds also for existing rational agent models, to begin with the famous Nordhaus DICE model). Our model provides a first illustration ...
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The Role of Bounded Rationality in Macro Finance Affine Term Structure Models
... of bounded rationality by incorporating either information-processing constraint or fear for mis-specification into affine term structure ...of bounded rationality creates a new additional ...
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Is bounded rationality a capacity, enabling learning?
... and bounded rationality. In my view, bounded rationality may be seen also as the attitude to make abstractions, and therefore limiting the perception of differences among ...on ...
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Data Stream Mining: the Bounded Rationality
... Bounded rationality appears in a fundamental aspect in stream processing: the tradeoff between time and space required to solve a query and the accuracy of the ...
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Identification of Animal Spirits in a Bounded Rationality Model: An Application to the Euro Area
... The point of view taken in this paper is that the behavioral model can pro- vide a conceptual framework for a cognitive ability as well as a substantial de- gree of inertia in the DSGE models. De Grauwe (2011) emphasizes ...
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Sacrificing sovereignty by chance: investment treaties, developing countries, and bounded rationality
... total 3oct 1 The London School of Economics and Political Science Sacrificing Sovereignty by Chance Investment Treaties, Developing Countries, and Bounded Rationality Lauge N Skovgaard Poulsen A thesi[.] ...
393
Bounded rationality: psychology, economics and the financial crisis
... of bounded rationality is associated to Herbert Simon (1955, 1956, 1957, 1972, 1979, 1991), who proposed the idea of bounded rationality as an alternative basis for the mathematical modeling ...
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Bounded rationality and perfect rationality:psychology into economics
... of bounded rationality is associated to Herbert Simon (1955, 1956, 1957, 1972, 1979, 1991), who proposed the idea of bounded rationality as an alternative basis for the mathematical modeling ...
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Investment decisions, net present value and bounded rationality
... or bounded rationality should be judged more apt to help decision ...a bounded/ecological rationality approach (and, indeed, it recommends bounded and ecological rationality as a ...
22
Investment decisions, net present value and bounded rationality
... analogous to eq. (2) but is cognitively different. Replacing ρ with k means shifting from the idea of comparing equivalent-risk alternatives to the idea of accepting a satisfactory rate of return. Both ρ and k are cutoff ...
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Student choices under uncertainty: Bounded rationality and behavioural economics
... A major initiative in recent years has been to increase the information provided about courses through the National Student Survey, as well as the ‘Key Information Sets’ which, inter alia, describe graduate outcomes. ...
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Can Financial Education Extend the Border of Bounded Rationality?
... classical rationality [30]-[32]. This study examined whether the border of bounded rationality can be ex- tended by studying a theoretical ...
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Bounded rationality, negligence or corruption: The effect of emergent malfeasance in procurement practice
... However, even an all-embracing contract cannot protect against a lack of economic trust and ex ante opportunism due to poor assessment capability (Ricktts, 2001). Additionally internal toxic incentives encourage goal ...
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Communication equilibria and bounded rationality
... inconsistent beliefs. See, for example, [Morris, 1995]. Morris cites various examples where learning opportunities may be limited, thus resulting in different priors. Indeed, such an observation implicitly assumes that ...
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An analysis of bounded rationality in judicial litigations: the case with loss/disappointment averses plaintiffs
... In our framework, disappointment aversion has consequences that contrast with those of the self-serving bias in Bar-Gill (2005) or Farmer and Pecorino (2002), since we obtain a larger pattern of predicted behaviours. In ...
12
The Simonian bounded rationality hypothesis and the expectation formation mechanism
... the bounded rationality hypothesis, time lags will differ from ...the bounded rationality hypothesis implies that subjects use diverse and equally viable expectation models (table ...
21
Bounded rationality and valuation
... Economic theory largely describes behaviour by assuming that people behave in a “rational” way. This implies that people can be described as decision makers who behave according to a clearly defined set of preferences. ...
233
Bounded rationality and perfect rationality: psychology into economics
... of bounded rationality is associated to Herbert Simon (1955, 1956, 1957, 1972, 1979, 1991), who proposed the idea of bounded rationality as an alternative basis for the mathematical modeling ...
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Economics and psychology Perfect rationality versus bounded rationality
... of bounded rationality is associated to Herbert Simon (1955, 1956, 1957, 1972, 1979, 1991), who proposed the idea of bounded rationality as an alternative basis for the mathematical modeling ...
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