Modeling Bounded Rationality

By Ariel Rubinstein. 1998

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Citations in the corpus

Learning from Physical Human Corrections, One Feature at a Time (2018, background): “Ideally, the human’s correction will only affect the cup’s distance from the table; in practice, however, human actions are noisy and imperfect [7, 19, 20, 24], especially when kinesthetically maneuvering robotic manipulators while trying to carefully orchestrate their multiple degrees of freedom [1”
Argumentation-based negotiation (2003, unknown): “(Rubinstein, 1997).”
Modelling Bounded Rationality in Organizations: Progress and Prospects† (2015, background): “There is, of course, a significant body of modelling work with some form of bounded rationality in economics; see for instance Rubinstein (1998) or Spiegler (2011), as well as an extensive empirical tradition (e.g. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31…”
Exposing the behavioral gambit: the evolution of learning and decision rules (2013, background): “This view is related to Simon’s (1956) concepts of “satisficing” and “bounded rationality”, long popular among social scientists studying decision making in humans (Rubinstein 1998; Gigerenzer and Selten 2002; Kahneman 2003).”
Thermodynamics as a theory of decision-making with information-processing costs (2012, background): “Simon [23], bounded rationality has been extensively studied in psychology, economics, political science, industrial organization, computer science and artiﬁcial intelligence research—see for example [40, 41, 42, 43, 10, 11, 44, 45]. Additionally, numerous experiments in behavioral economics have sh”
Bounded Rationality in Newsvendor Models (2008, background): “On the experimental side, the first study demonstrating the bullwhip effect is by Sterman (1989). There are two important contributions in this seminal paper: first, the study introduces an empirical framework for predicting subjects’ choices by assuming that they follow a decision rule based on the”
Information-Theoretic Bounded Rationality (2015, background): “…an approach that we might label procedural bounded rationality attempts to explicitly model the limitations in the decision-making procedures [Rubinstein, 1998]; and ﬁnally, the heuristics approach argues that general optimality principles ought to be abandoned altogether in favor of…”