Bounded Rationality

By Glenn Ellison. 1999

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Citations in the corpus

Deep Reinforcement Learning from Self-Play in Imperfect-Information Games (2016, background): “In addition, humans can be easily fooled into irrational decisions or assumptions (Selten, 1990).”
Unbiased Scene Graph Generation From Biased Training (2020, neutral): “Combining with our qualitative examples, we believe that the drop of Recall@K is caused by two reasons: 1) the annotators preference towards simple annotations caused by bounded rationality [50], 2) TDE tends to predict more action-like relationships rather than vague prepositions.”
Formalizing Convergent Instrumental Goals (2016, background): “Extending our model to allow for bounded rational agents (in the sense of Gigerenzer and Selten [18]) would have two advantages.”
Redundancy and reduction: Speakers manage syntactic information density (2010, background): “Given its derivation from considerations about optimal communication, it is tempting to see UID in the tradition of rational cognition (Anderson, 1990) or bounded rationality (Simon, 1987).”
Striking a Blow for Sanity in Theories of Rationality (2004, unknown): “This is one reason why models of bounded rationality that do not involve optimization often can make predictions at least as good as those made by models that do involve optimization (Gigerenzer & Selten, 2001a; March, 1978; Selten, 1998).”
Homo Heuristicus: Why Biased Minds Make Better Inferences (2009, background): “The aspiration level can be fixed or adjusted following experience (Selten, 2001).”
Boundedly rational route choice behavior: A review of models and methodologies (2016, background): “In other words, “minimal completeness can seldom be guaranteed” ( Simon, 1987 ) ; (3) Human beings have limited cognitive capabilities such as “lack of knowledge and limited ability to forecast future” ( Simon, 1987 ), which prevents them from acting as utility maximizers or disutitlity…”
Intuition in Management Research: A Historical Review (2012, unknown): “The logical consequence of this position is that human behaviour in the environment of business organisations is " intendedly " but not wholly rational, i.e. organisational behaviour is " boundedly " rational (Simon, 1947 when it first appeared in print, Jones, 1999).”
The Lead User method: an outline of empirical findings and issues for future research (2004, unknown): “Individuals react to this situation by concentrating their attention to selective domains which are strongly connected with the individuals' cognitive base (Dequech, 2001, Selten , 2001).”
Ordinal regression revisited: Multiple criteria ranking using a set of additive value functions (2008, result): “Indeed, the disaggregation paradigm is consistent with the ‘‘posterior rationality’’ postulated by March [19] and with the inductive learning used in artificial intelligence approaches (see [20]).”