We propose the exponential satisficing model of boundedly rational decision-making, a general-purpose tool designed for use in typical microeconomic applications. The posits that preferences perceived and acted upon by agent are stochastic coarsening his or her true, welfare-significant preferences. decision-maker’s perceptual capabilities controlled preference resolution parameter, which smoot...

Abstract. In this work, it has been shown that the combined use of exponential operators and integral transforms provides a powerful tool to solve time fractional generalized KdV of order 2q+1 and certain fractional PDEs. It is shown that exponential operators are an effective method for solving certain fractional linear equations with non-constant coefficients. It may be concluded that the com...

Welch & Peers (1963) used a root-information prior to obtain posterior probabilities for a scalar parameter exponential model and showed that these Bayes probabilities had the confidence property to second order asymptotically. An important undercurrent of this indicates that the constant information reparameterization provides location model structure, for which the confidence property ...