1. These internal costs are the background to the study of bounded rationality . 2. Household decision-taking may be represented using techniques from bounded rationality and agent-based behavior. 3. These models presume either no rationality or bounded rationality on the part of players. 4. Theories of bounded rationality relax one or more assumptions of standard expected utility theory. 5. Theories of bounded rationality relax one or more assumptions of standard expected utility theory . 6. Bounded rationality is a central theme in behavioral economics.7. Sunstein and Thaler recommend that choice architectures are modified in light of human agents'bounded rationality . 8. Some have argued that a kind of bounded rationality makes more sense for such models. 9. 11 ) Issues stemming from bounded rationality not discussed. 10. As an example, he coined the concept of bounded optimality, a decision-theoretic approach to bounded rationality .
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