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Bounded Rationality
(redirected from Hyperrationality)

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Bounded Rationality
The theory that humans attempt to make rational decisions, but their ability to do so is limited by knowledge, ability to know, inadequate time to consider and other factors. Bounded rationality may explain situations like panic buying, in which investors continue to buy a security long after it ceases to be rational to do so. Investors may believe the price for the security may continue to rise and may not believe they have enough time to find out for certain. Bounded rationality claims people aim for rationality but cannot be reasonable all the time. See also: Behavioral economics.
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Directly associated to this idea of humility is ecopoetry's third characteristic: "an intense skepticism concerning hyperrationality, that usually leads to an indictment of an overtechnologized modern world and a warning concerning the very real potential for ecological catastrophe" (6) "God's Grandeur" investigates this potential by portraying a natural world rejected by a mankind too concerned with its own devices.
Ecological conscience in Hopkins's "God's Grandeur" by Wright, William (English priest) / Academic Exchange Quarterly
I begin the analysis with some highly unrealistic assumptions about the hyperrationality of savers and then relax them after the mechanics of the model are clear.
Demographic effects on personal saving in the future by Pryor, Frederic L. / Southern Economic Journal
Jamieson 1988) have lionized logical coherence and hyperrationality in politics.
Why do they talk that way? A research agenda for the presidency by Hart, Roderick P. / Presidential Studies Quarterly
 
 
 
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