Herbert Simon’s renowned theory of bounded rationality is principally interested in cognitive constraints and environmental factors and influences which preve

Herbert Simon’s renowned theory of bounded rationality is principally interested in cognitive constraints and environmental factors and influences which preve

In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational deci

The first reference on rationality that integrates accounts from psychology and philosophy, covering descriptive and normative theories from both disciplines. B

There is no doubt that behavioral economics is becoming a dominant lens through which we think about economics. Behavioral economics is not a single school of t