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Results tagged with bounded-rationality
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user 2844
Analysis in which the ability of agents act rationally is constrained in one or more respects. Commonly employed in behavioural economics.
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Sunk cost fallacy- is it a bug or a feature?
I was having a conversation with a colleague regarding sunk costs, and discussion came up that the appeal of falling for the sunk cost fallacy might be a feature rather than a flaw, as it is behavior …
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