bounded rationality: because contracting parties are unaware of all possible states of ... The fact that contracts are incomplete allows for opportunistic behavior, or opportunism. [Incompleteness ...

Bounded rationality refers to the fact that people have limited cognitive ability ... allowing them to characterize human economic behavior. Loss aversion is key to prospect theory. The sunk-cost ...

Zhang, Ting, Pinar O. Fletcher, Francesca Gino, and Max H. Bazerman. "Reducing Bounded Ethicality: How to Help Individuals Notice and Avoid Unethical Behavior." Special Issue on Bad Behavior.

This book will examine the common failure to notice critical information due to bounded awareness. The book will document a decade of research ... Money, a resource that absorbs much daily attention, ...

Selten, Bounded Rationality: The Adaptive Toolbox (Cambridge ... They will probably be less realistic than “normal” war games, to allow for a cleaner study of the participants’ behavior in relation to ...

Consumer behavior—or how people buy and use goods ... and people’s desire for compelling stories, rather than pure rationality, and aims to condense complex issues into short, memorable ...

Social behavior consists of a set of interactions among individuals of the same species. A wide range of sociality occurs among animals. Some animals rarely if ever interact with one another ...

The study of animal behavior is a cornerstone of psychology for several reasons. Ethology, or the study of animals in their natural habitats, sheds light on how animals interact with each other ...

Myerson, Joel and Green, Leonard 1995. DISCOUNTING OF DELAYED REWARDS: MODELS OF INDIVIDUAL CHOICE. Journal of the Experimental Analysis of Behavior, Vol. 64, Issue ...

Organizational Behavior (OB) is the academic study of how people interact within group settings. The principles of organizational behavior, the study of how people interact in a group, are used ...