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  1. Bounded Rationality: The Two Cultures.Konstantinos V. Katsikopoulos - 2014 - Journal of Economic Methodology 21 (4):361-374.
    Research on bounded rationality has two cultures, which I call ‘idealistic’ and ‘pragmatic’. Technically, the cultures differ on whether they build models based on normative axioms or empirical facts, assume that people's goal is to optimize or to satisfice, do not or do model psychological processes, let parameters vary freely or fix them, aim at explanation or prediction and test models from one or both cultures. Each culture tells a story about people's rationality. The story of the idealistic culture is (...)
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  • Similarity and the Trustworthiness of Distributive Judgements.Alex Voorhoeve, Arnaldur Stefansson & Brian Wallace - 2019 - Economics and Philosophy 35 (3):537-561.
    When people must either save a greater number of people from a smaller harm or a smaller number from a greater harm, do their choices reflect a reasonable moral outlook? We pursue this question with the help of an experiment. In our experiment, two-fifths of subjects employ a similarity heuristic. When alternatives appear dissimilar in terms of the number saved but similar in terms of the magnitude of harm prevented, this heuristic mandates saving the greater number. In our experiment, this (...)
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  • Introduction: Methodologies of Bounded Rationality.Till Grüne-Yanoff, Caterina Marchionni & Ivan Moscati - 2014 - Journal of Economic Methodology 21 (4):325-342.
    The modelling of bounded rationality is currently pursued by approaches that exhibit a wide diversity of methodologies. This special issue collects five contributions that discuss different methodological aspects of these approaches. In our introduction, we map the variety of methodological positions with respect to three questions. First, what kinds of evidence do the respective approaches consider relevant for modelling bounded rationality? Second, what kind of modelling desiderata do the respective approaches focus on? And third, how do the respective approaches justify (...)
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