Introduction: methodologies of bounded rationality
2014 (English)In: Journal of economic methodology, ISSN 1350-178X, E-ISSN 1018-5070, Vol. 21, no 4, 325-342 p.Article in journal, Editorial material (Refereed) Published
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 the normative validity of bounded rationality? To broaden the picture, we not only discusss the five contributions of this issue, but also include relevant positions from the extant literature.
Place, publisher, year, edition, pages
2014. Vol. 21, no 4, 325-342 p.
bounded rationality, evidence, heuristics, modelling strategies, normative justification, revealed preferences
IdentifiersURN: urn:nbn:se:kth:diva-168509DOI: 10.1080/1350178X.2014.972140ScopusID: 2-s2.0-84919730080OAI: oai:DiVA.org:kth-168509DiVA: diva2:818506
QC 201506092015-06-092015-06-042015-06-09Bibliographically approved