Bounded rationality and correlated equilibria
Sign Up to like & getrecommendations! Published in 2017 at "International Journal of Game Theory"
DOI: 10.1007/s00182-016-0547-5
Abstract: We study an interactive framework that explicitly allows for nonrational behavior. We do not place any restrictions on how players’ behavior deviates from rationality, but rather, on players’ higher-order beliefs about the frequency of such… read more here.
Keywords: probability; bounded rationality; rationality; correlated equilibria ... See more keywords
Emission tax vs. permit trading under bounded rationality and dynamic markets
Sign Up to like & getrecommendations! Published in 2021 at "Energy Policy"
DOI: 10.1016/j.enpol.2020.112009
Abstract: Abstract A price on emissions can be achieved through an emission tax or permit trading. The advantages and drawbacks of either instrument are debated. We present an agent-based model to compare their performance under bounded… read more here.
Keywords: bounded rationality; tax permit; emission tax; permit ... See more keywords
Passivity-Based Analysis and Nudging Design for Dynamic Social Model with Bounded Rationality
Sign Up to like & getrecommendations! Published in 2020 at "IFAC-PapersOnLine"
DOI: 10.1016/j.ifacol.2021.04.189
Abstract: Abstract In this paper, we address a design problem of nudging mechanism for dynamical decision makers with bounded rationality. We first present a mathematical model for dynamic decision makers with psychological biases. We then analyze… read more here.
Keywords: decision makers; passivity; model; bounded rationality ... See more keywords
Beyond Bounded Rationality: CEO Reflective Capacity and Firm Sustainability Performance
Sign Up to like & getrecommendations! Published in 2021 at "Management and Organization Review"
DOI: 10.1017/mor.2021.4
Abstract: ABSTRACT Optimal or rational decision making is not possible due to informational constraints and limits in computation capability of humans (March & Simon, 1958; March, 1978). This bounded rationality serves as a filtering process in… read more here.
Keywords: ceo ceo; reflective capacity; bounded rationality; ceo ... See more keywords
Bounded Rationality without Bounded Democracy: Nudges, Democratic Citizenship, and Pathways for Building Civic Capacity
Sign Up to like & getrecommendations! Published in 2018 at "Perspectives on Politics"
DOI: 10.1017/s1537592718002086
Abstract: The behavioral sciences are playing an increasingly important role in the design and implementation of public policy worldwide. While there have been several important critiques of the latest policy revolution linking the behavioral sciences and… read more here.
Keywords: policy; bounded rationality; citizenship; civic ... See more keywords
Managing retrial queueing systems with boundedly rational customers
Sign Up to like & getrecommendations! Published in 2022 at "Journal of the Operational Research Society"
DOI: 10.1080/01605682.2022.2053305
Abstract: Abstract Bounded rationality includes potential cognitive deficits that limit human rational behaviour. In this paper, we allow for estimation errors of their utility and consider bounded rationality in queueing models with retrials. Upon arrival, customers… read more here.
Keywords: bounded rationality; optimal price; revenue; rationality ... See more keywords
Bounded rationality, blame avoidance, and political accountability: how performance information influences management quality
Sign Up to like & getrecommendations! Published in 2019 at "Public Management Review"
DOI: 10.1080/14719037.2019.1630138
Abstract: ABSTRACT We examine performance impact on management by investigating whether information on past organizational performance (‘performance feedback’) influences future managerial quality. We employ a regression discontinuity design to analyse the performance and managerial quality of… read more here.
Keywords: quality; information; bounded rationality; management ... See more keywords
Bounded rationality or bounded morality? The National Basketball Association response to COVID-19
Sign Up to like & getrecommendations! Published in 2021 at "European Sport Management Quarterly"
DOI: 10.1080/16184742.2021.1879191
Abstract: ABSTRACT Research question The COVID-19 pandemic created a crisis rife with complexity and ethical dilemmas for sport organizations. The purpose of this study is to examine the decision-making process of one such organization, the National… read more here.
Keywords: decision; bounded rationality; morality; national basketball ... See more keywords
Bounded Rationality in Byzantine Sensors Under Attacks
Sign Up to like & getrecommendations! Published in 2022 at "IEEE Transactions on Automatic Control"
DOI: 10.1109/tac.2021.3102464
Abstract: In this article, we investigate the behavior of agents with bounded rationality, attacking a set of stochastic sensors measuring the state of a binary event. The coordination problem between the attackers is formulated as a… read more here.
Keywords: bounded rationality; byzantine sensors; sensors attacks; attacker ... See more keywords
Trip Cost Estimation of Connected Autonomous Vehicle Mixed Traffic Flow in a Two-Route Traffic Network
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Advanced Transportation"
DOI: 10.1155/2020/8884732
Abstract: With the advancement of connected autonomous vehicle (CAV) technology, research on future traffic conditions after the popularization of CAVs needs to be resolved urgently. Bounded rationality of human drivers is essential for simulating traffic flow… read more here.
Keywords: traffic; bounded rationality; traffic flow; mixed traffic ... See more keywords
Embodying Bounded Rationality: From Embodied Bounded Rationality to Embodied Rationality
Sign Up to like & getrecommendations! Published in 2021 at "Frontiers in Psychology"
DOI: 10.3389/fpsyg.2021.710607
Abstract: Views of embodied cognition vary in degree of radicalism. The goal of this article is to explore how the range of moderate and radical views of embodied cognition can inform new approaches to rationality. In… read more here.
Keywords: bounded rationality; rationality; embodied bounded; embodying bounded ... See more keywords