Optimize, satisfice, or choose without deliberation? A simple minimax-regret assessment

DOI10.1007/s11238-017-9592-1zbMath1395.91120OpenAlexW2593398999MaRDI QIDQ1706786

Charles F. Manski

Publication date: 28 March 2018

Published in: Theory and Decision (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11238-017-9592-1

zbMATH Keywords

minimax regretbounded rationalitysatisficingdecision under ambiguitycostly deliberation

Mathematics Subject Classification ID

Decision theory (91B06)

Related Items (4)

Behavioral patterns and reduction of sub-optimality: an experimental choice analysis ⋮ Explaining satisficing through risk aversion ⋮ When and how to satisfice: an experimental investigation ⋮ Experimental evidence of behavioral improvement by learning and intermediate advice

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