CORDIS Project
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The project explores decision-making under uncertainty by bridging two research areas: bounded rationality, which focuses on cognitive limitations, and Non-Expected Utility models that improve upon traditional Bayesian approaches. It aims to develop a new model that incorporates both cognitive and informational constra…
The research project Bounded Rationality under Uncertainty deals with decision theory under uncertainty an is located at the frontier between formal philosophy, theoretical economics and applied logic.
The Bayesian orthodoxy in choice under uncertainty, axiomatized by L.
Savage in the fifties, is currently disputed by two very different research strands : the bounded rationality program which stresses the crucial role of cognitive limitations in choice, and the Non-Expected Utility (NEU) models…
TILBURG UNIVERSITY- UNIVERSITEIT VAN TILBURG
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