If we want to apply it to humans, something much more complicated than that, which uses some measure of how complex humans see actions, takes into account how and when we search for alternate solutions. There’s a reason most models don’t use bounded rationality; it ain’t simple.
If we want to apply it to humans, something much more complicated than that, which uses some measure of how complex humans see actions, takes into account how and when we search for alternate solutions. There’s a reason most models don’t use bounded rationality; it ain’t simple.