Quantifying bounded rationality: Managerial behaviour and the Smith predictor
نویسندگان
چکیده
منابع مشابه
25 Rationality and Bounded Rationality : The 1986
I am honored to present this lecture in tribute to Nancy L. Schwartz. I did not know Professor Schwartz well, yet I am aware of her important professional contributions. First and foremost are the direct advances to the profession made through her writings. But also her indirect contributions, as a teacher and an intellectual leader, are very important. Some of the ideas and applications discus...
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The notion of bounded rationality has recently gained considerable popularity in the behavioural and social sciences. This article surveys the different usages of the term, in particular the way ‘anomalous’ behavioural phenomena are elicited, how these phenomena are incorporated in model building, and what sort of new theories of behaviour have been developed to account for bounded rationality ...
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Findings from behavioral organization theory, behavioral decision theory, survey research, and experimental economics leave no doubt about the failure of rational choice as a descriptive model of human behavior. But this does not mean that people and their politics are irrational. Bounded rationality asserts that decision makers are intendedly rational; that is, they are goaloriented and adapti...
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ژورنال
عنوان ژورنال: International Journal of Systems Science
سال: 2003
ISSN: 0020-7721,1464-5319
DOI: 10.1080/00207720310001614097