Bounded Rationality in Decision Making Under Uncertainty: Towards Optimal Granularity
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Book Overview
This book addresses an intriguing question: are our decisions rational? It explains seemingly irrational human decision-making behavior by taking into account our limited ability to process information. It also shows with several examples that optimization under granularity restriction leads to observed human decision-making. Drawing on the Nobel-prize-winning studies by Kahneman and Tversky, researchers have found many examples of seemingly irrational...
Format:Paperback
Language:English
ISBN:3319872605
ISBN13:9783319872605
Release Date:August 2018
Publisher:Springer
Length:164 Pages
Weight:0.56 lbs.
Dimensions:0.4" x 6.1" x 9.2"
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