Given the success of formal approach, within contemporary epistemology, to understanding degreed belief, some philosophers have recently considered its extension challenge intention. According them, (1) intentions can also admit degrees, as beliefs do, and (2) these states are all governed by norms probability calculus, such that rational for belief intention exhibit certain structural similari...

While there has been an increasing focus on the use of game theoretic models for autonomous driving, empirical evidence shows that are still open questions around dealing with challenges common knowledge assumptions as well modeling bounded rationality. To address some these practical challenges, we develop a framework generalized dynamic cognitive hierarchy both modelling naturalistic human dr...

Online-dating, or the practice of searching for a partner on Internet, is becoming more widespread and legitimate these days. According to some researchers, search process quite rationalized. This underpinned by fact that such platforms presuppose standard profiles, filters usage, strike “better offer” just like market, stimulating users reflect upon their performance. At same time, there are r...

ions are not at all that different from the personifications of the fairy tale" (p. 75). Statements about crazy behavior that ascribe agency to intrapsychic entities such as "impulses" or "internal pressures" are homologous to statements that the insane are ruled by demons. The anthropomorphisms of the former mode of explanation are more subtle and use terms that sound mechanical and impersonal...

The introduction of a small amount of bounded rationality into a model sometimes has little effect, and sometimes has a dramatic impact on predicted behavior. We call a model robust to bounded rationality if small deviations from rationality result only in small changes in the equilibrium set. We also say that a model is structurally stable if the equilibrium set (given fully rational agents) v...

The concept of bounded rationality is not well-defined. Several aspects of bounded rationality are discussed. Two different kinds of bounded rationality are distinguished. First, rationality may be bounded in the sense that the player cannot perform all the necessary calculations within the time frame of the game. This applies not only to numerical calculations but also to any kind of informati...

Models in the classical theory of games and in neoclassical economics normally assume rationality in the sense that agents have compete and transitive preferences. The paper labels this fundamental rationality and distinguishs two other sorts of rationality pertinent to the study of strategic interaction: individual economic rationality (IER) and effective rationality. IER is, we observe, chara...

I took the title of this chapter from an email Herbert A. Simon sent me in May 1999. In this email, he wrote a statement for the back cover of Simple Heuristics That Make Us Smart in which he commented: “I think the book strikes a great blow for sanity in the approach to rationality [and shows] why more than minor tampering with existing optimization theory is called for.” But Herb wouldn’t be ...