It seems easy to accept that rationality involves many features that cannot be summarized in terms of some straightforward formula, such as binary consistency.  However, this recognition does not immediately lead to alternative characterizations that might be regarded as satisfactory, even though the inadequacies of the traditional assumptions of rational behavior standard used in economic theo...

It seems easy to accept that rationality involves many features that cannot be summarized in terms of some straightforward formula, such as binary consistency.  However, this recognition does not immediately lead to alternative characterizations that might be regarded as satisfactory, even though the inadequacies of the traditional assumptions of rational behavior standard used in economic theo...

in this paper we investigate the behavior of solutions, stable and unstable of the solutions a second-order rational difference equation. also we will discuss about the behavior of solutions a the rational system, we show these solutions may be stable or unstable.

We study two boundedly rational procedures in consumer behavior. We show that these procedures can be detected by conditions on observable demand data of the same type as standard revealed preference axioms. This provides the basis for a non-parametric analysis of boundedly rational consumer behavior mirroring the classical one for utility maximization.

present study is aimed at evaluating the effect of rational emotive behavior therapy (rebt) on anxiety and irrational beliefs among infertile women. to assess the level of anxiety and irrational beliefs, 50 infertile women were selected randomly from mediwave ivf and fertility research hospital in mysore city and were administered cattle questionnaires for surveying anxiety and the shortened ge...

This paper develops a theoretical framework for analyzing incentive schemes under bounded rationality. It starts from a standard principal-agent model and then superimposes an assumption of boundedly rational behavior on the part of the agent. Boundedly rational behavior is modeled as an explicit optimization procedure, which combines gradient dynamics with imitation and experimentation. The re...