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Agent-Based Models of Bounded Rationality

Agent-Based Models of Bounded Rationality

The idea of this ebook matured through a workshop held by the COMAC Research Cluster at the University of Southern Denmark in Slagelse, 7-8 May 2015. The various contributions included here propose a different approach to the study of bounded rationality (BR). Agent-based modelling (ABM) offers potentials to improve our understanding of BR, on the one hand, and put it to the test, on the other. The purpose of this ebook is to build on these examples in an attempt to bridge the two approaches of BR with the help and support of ABM.


A model of innovation and knowledge development among boundedly rational rival firms,Agent-based mechanism design – investigating bounded rationality concepts in a budgeting context,Agent-based models of bounded rationality,Equity-constrained dispatching models for emergency medical services,Escape from the factory of the robot monsters: agents of change,Inquisitiveness: distributing rational thinking,Team problem solving and motivation under disorganization – an agent-based modeling approach

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