Bounded Rationality - Die Off

February 2001 ISBN 0-262-07214-9 377 pp. (CLOTH) Out Of Print Other Editions Paper (2002) Series Dahlem Workshop Reports Related Links Dahlem Workshop Homepage Contributor List < BACK Bounded Rationality The Adaptive Toolbox Edited by Gerd Gigerenzer and Reinhard Selten List of Participants 1 Rethinking Rationality 2 What is Bounded Rationality ? 3 The Adaptive Toolbox 4 Fast and Frugal Heuristics for Environmentally Bounded Minds 5 Evolutionary Adaptation and the Economic Concept of Bounded Rationality -- A Dialogue 6 Group Report: Is there Evidence for an Adaptive Toolbox? 7 The Fiction of Optimization 8 Preferential Choice and Adaptive Strategy Use 9 Comparing Fast and Frugal Heuristics and Optimal Models 10 Group Report: Why and When Do Simple Heuristics Work? 11 Emotions and Cost-benefit Assessment: The Role of Shame and Self-esteem in Risk taking 12 Simple Reinforcement Learning Models and Reciprocation in the Prisoner's Dilemma Game 13 Imitation, Social Learning, and Preparedness as Mechanisms of Bounded Rationality 14 Decision Making in Superorganisms: How Collective Wisdom Arises from the Poorly Informed Masses 15 Group Report: Effect of Emotions and Social Processes on Bounded Rationality 16 Norms and Bounded Rationality 17 Prominence Theory as a Tool to Model Boundedly Rational Decisions 18 Goodwill Accounting and the

Rethinking Rationality 3 utility) and that this utility depends on the amount of money a person already has (Bernoulli 1738/1954). The St. Petersburg paradox was the first in a series of monetary gam­

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