Bounded rationality

Plus miscellaneous rationality postulates restricting von Neumann-Morgenstern



Prospect theory, Kahnemann-and-Tversky style. Rational Heuristics, Gigerenzer-and-Todd style. Docility, Herbert-Simon-wise. Behavioural economics more generally.

In markets and societies

See bounded rationality at large.

For risk

see risk perception.

For learning and action

Can we get anywhere with predictive coding?

…and trust

Maybe trust machines.

In groups

Let us think of the wisdom of crowds.

References

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