Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 76 for “"Bounded Rationality"”.
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Bounded Rationality in Macroeconomics
… with cognitive or attentional constraints, or bounded rationality, can capture these realities and explain deviations of individual behavior from a benchmark of pure payoff maximization. This thesis studies the aggregate implications of such imperfect reasoning and decision making for …
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Distributed learning in games under bounded rationality
In multi-agent systems, bounded rationality arises both from the agents’ cognitive and informational limitations and from the uncertainty of the environments in which they interact. This dissertation considers models, solution concepts, and learning dynamics that explicitly embrace bounded …
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Bounded Rationality in Real Estate Investment Decisions
… satisfactory solutions. Overall, they can muster bounded rationality only. Real estate investors are as human and biased as investors in other financial assets. Previous work has found that the intransparency of markets, low liquidity and the heterogeneity of assets paired with significant …
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A Hive Mind: Bounded Rationality and Bees
… of imperfect information, where we act as boundedly rational actors. Therefore, in our studies, we focus on the impacts of changing landscapes on bees – whether those are environmental or political. In our investigations, we utilized bees, measuring their behaviors and community health, in …
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From Subjective Expected Utility Theory to Bounded Rationality
… don not behave according to the perfect rationality and maximization assumptions which underly the SEUT, but rather as bounded rational satisfiers who try to simplify the decision problems they face through the process of categorization. The results of the first experimental study, on …
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The bounded rationality constraint : experimental and analytical results
Thesis (M.S.)--Massachusetts Institute of Technology, Dept. of Electrical Engineering and Computer Science, 1988.
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Studies of Bounded Rationality and Overconfidence in Dynamic Games
… provide theoretical support for the ecological rationality of underestimation bias by showing it to be advantageous under many conditions, particularly in comparison to overestimation bias. It also provides managers with prescriptive insights regarding when any opponent skill estimation error is …
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Essays on nominal rigidities, bounded rationality, and macroeconomic policy
This thesis consists of three chapters about macroeconomic policy. In the first chapter, I study the empirical relationship between nominal rigidities and the real effects of monetary policy. Nominal rigidities lie at the core of macroeconomics. The empirical evidence suggests that prices and wages …
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Methodological Foundations for Bounded Rationality as a Primary Framework
… theory of economic choice that accounts for boundedly rational agents. I clarify that substantive rationality and bounded (procedural) rationality share the same basic utilitarian assumption of predetermined goals. In terms of a Deweyan (transactional) analysis, the idea of utilitarian …
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Work allocation behaviour in rural Philippines: a bounded rationality model
In most developing countries like the Philippines the rural sector in general, and agriculture in particular play a significant role in economic development. Hence, relevant information on the rural workers and rural employment opportunities are necessary conditions for the development of …
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Security of Cyber-Physical Systems with Human Actors: Theoretical Foundations, Game Theory, and Bounded Rationality
… characterizes the direct impacts of humans' bounded rationality on their chosen strategies and the achieved mission completion times. For instance, the results show that this bounded rationality can lead to mission completion times that significantly surpass the desired target times. Such …
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Designing a knowledge resource to address bounded rationality and satisficing for ICT decisions in small organisations
… source will be useful and ultimately improve the Bounded Rationality situation. The survey showed the Internet as the top information source, followed by social capital for Small Organisation-ICT decisions. The survey showed the Internet as the top information source, followed by social capital …
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Modeling Optimal Information Acquisition Time Driven by Event Importance for Decision Making: Integrating Gödel's Incompleteness, Turing's Computability, and Simon's Bounded Rationality
Στο πλαίσιο της λήψης αποφάσεων υπό συνθήκες αβεβαιότητας, η διαδικασία απόκτησης πληροφορίας διαδραματίζει κρίσιμο ρόλο στη βελτιστοποίηση των αποτελεσμάτων. Η παρούσα διπλωματική εργασία διερευνά τον βέλτιστο χρονισμό της απόκτησης πληροφορίας, ιδιαίτερα σε σενάρια όπου η σημαντικότητα των …
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An evaluation of defense contracting based on transaction cost theory
… that defense contracting is beleaguered with bounded rationality and uncertainty problems, and furthermore, that bounded rationality and uncertainty can lead to opportunistic behavior within defense contracting. The study shows, in particular that adverse selection, moral hazard, and hold-up …
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Behavioural preferences and labour market attachment among South African youth
… γ values not as psychological pessimism or irrationality, but as reduced sensitivity to probability - potentially a bounded rationality response to uncertainty and limited feedback. We do not infer causality, but highlight how behavioural regularities correlate with labour market status in a …
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Three essays in agent-based macroeconomics
… concerning heterogeneity of economic agents, bounded rationality and interaction. Specifically, the first chapter is devoted to describe the distinctive characteristics of agent-based economics and its advantages-disadvantages. In the second chapter I propose a credit market framework …
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Algorithm and mechanism design with nonlinear preferences
… arise from different risk preferences, non-rationality, etc. Solving these problems is often computationally hard but can be beneficial by providing more revenue or welfare. In this thesis, I am going to investigate three problems: route planning with a nonlinear objective, dynamic mechanism …
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The behavioral economics of foreign exchange markets - a psychological view on human expectation formation in foreign exchange markets
… new concepts under the general heading of bounded rationality. Central to the concept of bounded rationality is the assumption that humans’ actual behavior deviates from the ideal of economic rationality due to at least two reasons: first, decisions are usually based on an incomplete …
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