Objective. To determine if student pharmacists' preferences towards experiential and rational thinking are associated with performance on advanced pharmacy practice experiences (APPEs) and whether thinking style preference changes following APPEs. Methods. The Rational Experiential Inventory (REI), a validated survey of thinking style, was administered to student pharmacists before starting APP...

We consider conditions under which the representation of the world available to a boundedly rational decision-maker, whose awareness increases over time, constitutes an adequate ‘small world’ (in the sense of Savage 1954) for the assessment of a given decision. Equivalently, we consider whether boundedly rational decision-makers who gradually become aware of all relevant contingencies, can purs...

The term “nonrational” denotes a heterogeneous class of theories of decision making designed to overcome problems with traditional “rational” theories. Nonrational theories have been denoted by various terms, including models of bounded rationality, procedural rationality, and satisfi cing. Although there is as yet no agreed-upon defi nition of “nonrational,” rational and nonrational theories t...

Standard economic theories conceive homo economicus as a rational decision maker capable of maximizing utility. In reality, however, people tend to approximate optimal decision-making strategies through a collection of heuristic routines. Some of these routines are driven by emotional processes, and others are adjusted iteratively through experience. In addition, routines specialized for social...

Technological analyses show that large potentials for energy conservation exist at the sectoral level. Moreover, a great part of these potentials seems economically attractive, but are not undertaken by industry. This paper provides a theoretical framework in which the energy conservation decision on the firm level plays a central role. It is argued that from an entrepreneurs point of view many...

Automated negotiation systems with self-interested agents are becoming increasingly important. One reason for this is the technology push of a growing standardized which separately designed agents belonging to diierent organizations can interact in an open environment in real-time and safely carry out transactions. The second reason is strong application pull for computer support for negotiatio...

The amount of control perceived by an agent governs their ability to learn. Bounded rationality, or the idea that we are limited by the amount cognitive work we can perform, provides an appealing framework within which perceived control could be formulated. When modeling the world, the bounded-rational agent balances the trade-off between the utility and complexity of this constructed model in ...

An important aspect of cognitive flexibility is inhibitory control, the ability to dynamically modify or cancel planned actions in response to changes in the sensory environment or task demands. We formulate a probabilistic, rational decision-making framework for inhibitory control in the stop signal paradigm. Our model posits that subjects maintain a Bayes-optimal, continually updated represen...

Making rational decisions is one of the key elements in the design of autonomous agents with successful behavior. Even though there have been many proposals for the support of decision making, most of them can be described either as descriptive or prescriptive. The main goal of our work is to establish the relationship between two of these models, namely bdi and mdps, in order to gain further u...