Axiomatizing bounded rationality: the priority heuristic

DOI10.1007/S11238-013-9393-0MaRDI QIDQ490053zbMATH OpenOpenAlexFDO

Authors Mareile Drechsler, Gerd Gigerenzer, Konstantinos V. Katsikopoulos

Publication date 21 January 2015

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL http://hdl.handle.net/11858/00-001M-0000-0024-E82F-3

zbMATH Keywords

bounded rationalityaxiomatizationEUTEVTpriority heuristic

Mathematics Subject Classification ID

Decision theory (91B06) Utility theory (91B16) Rationality and learning in game theory (91A26) Probabilistic games; gambling (91A60)

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Cites work

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• scientific article; zbMATH DE number 3106184 (Why is no real title available?)
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• An axiomatization of cumulative prospect theory
• Back to the St. Petersburg Paradox?
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• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• Lexicographic tradeoff structures
• One-reason decision-making: modeling violations of expected utility theory
• Prospect Theory: An Analysis of Decision under Risk
• Semiorders and a Theory of Utility Discrimination
• Similarity and decision-making under risk (Is there a utility theory resolution to the Allais paradox?)
• Terrorism and probability neglect
• The Predictive Utility of Generalized Expected Utility Theories
• The role of aspiration level in risky choice: A comparison of cumulative prospect theory and SP/A theory

Cited in

(4)

• Decision Theory without Logical Omniscience: Toward an Axiomatic Framework for Bounded Rationality
• A contextual range-dependent model for choice under risk
• One-reason decision-making: modeling violations of expected utility theory
• Axiomatic rationality and ecological rationality

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