The structure of the environment and the complexity of rational choice procedures

Type
conference poster
Author(s)
;
Oliva, Paulo
Abstract (De)
Beginning with Herbert Simon [10], the literature on bounded rationality has investigated in great detail how internal limitations affect an agent’s choice process. The structure of the choice environment, deemed as important as internal limitations by Simon [11], has been mostly ignored. We introduce a model of the environment and its interaction with an agent’s choice process. Focusing on online environments where an agent can use filter and sort functionality to support his decision-making, we show, a choice process relying on the environment can be rationalized. Moreover, for sufficiently many alternatives, filtering and sorting are quick ways to choose rationally.
Language
English
HSG Classification
contribution to scientific community
HSG Profile Area
SEPS - Quantitative Economic Methods
URL
Subject(s)

economics

computer science

Division(s)

FGN - Institute of Ec...

Eprints ID
257146
File(s)
Thumbnail Image
Name

SSRN-id3252653.pdf

Size

235.36 KB

Format

Adobe PDF

Checksum (MD5)

0ced72e95d2af1b090291cfc943373d9

Thumbnail Image

open.access

Name

SSRN-id3252653.pdf

Size

235.36 KB

Format

Adobe PDF

Checksum (MD5)

0ced72e95d2af1b090291cfc943373d9