Bounded rationality. A Simon-like explication

DOI10.1016/0165-1889(94)90076-0zbMath0782.90001OpenAlexW1491958981MaRDI QIDQ1309844

Gregory Lilly

Publication date: 2 January 1994

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1889(94)90076-0

zbMATH Keywords

bounded rationalitysatisficingchoice behaviorconstrained maximizationserial symbol processors

Mathematics Subject Classification ID

Decision theory (91B06)

Related Items (3)

The role of information processing cost as the foundation of bounded rationality in game theory ⋮ One-reason decision-making: modeling violations of expected utility theory ⋮ Satisficing search versus aspiration adaptation in sales competition: Experimental evidence

Cites Work

• Choice Functions and Revealed Preference
• The Uses and Usefulness of Binomial Probability Paper
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