Sentence examples for bounded rationality from inspiring English sources

Lots of papers on "bounded rationality" or "nearly rational" behaviour are now appearing.

He called this less ambitious view of human decision making "bounded rationality" or "intended rational behavior" and described the results it brought as "satisficing".

This assumption is not one of perfect or rational behaviour but of a type of bounded rationality based upon a potential universe of prior beliefs or heuristics.

Bounded rationality.

Despite occasional references to irrationality in the literature, there is nothing especially irrational about bounded rationality".

As a result, economic transactions are based not on pure rationality but on bounded rationality.

But the concept of bounded rationality has always been somewhat ill-defined in just these respects.

Despite occasional references to irrationality in the literature, there is nothing in fact irrational about bounded rationality".

Bounded rationality is already being examined, but much less attention has been devoted, for instance, to bounded memory.

At other times, however, rational choice theorists try to relax these unrealistic assumptions by developing concepts of bounded rationality.

Given the assumption of bounded rationality and the possibility of opportunism, the higher the uncertainty and costs of transactions are, the more likely they are arranged hierarchically.