Lesson Open Access
MATERIALS FOR WEEK 1: Modelling individual choices
Wander Jager;
Katarzyna Abramczuk
This week we will reflect on how people make decisions and judgments. We will think about what a rational decision is and how it can be modeled. We will see how choice behavior may change depending on the circumstances. Finally we will discuss the theory of bounded rationality developed by psychologists and economists and see how it can help us understand choices when information available is scarce and cannot be relied upon.
Files
(7.0 MB)
| Name | Size | |
|---|---|---|
|
IO5 ACTISS_Decisions in a Complex World WEEK1.pdf
md5:b1164111316b7c15dc40b7d9848c6e1b |
7.0 MB | Download |
52
47
views
downloads
| All versions | This version | |
|---|---|---|
| Views | 52 | 52 |
| Downloads | 47 | 47 |
| Data volume | 330.4 MB | 330.4 MB |
| Unique views | 52 | 52 |
| Unique downloads | 44 | 44 |
Indexed in
- Publication date:
- March 10, 2022
- DOI:
-
- License (for files):
- Creative Commons Attribution 4.0 International