Issue |
EPL
Volume 146, Number 2, April 2024
|
|
---|---|---|
Article Number | 21002 | |
Number of page(s) | 7 | |
Section | Statistical physics and networks | |
DOI | https://doi.org/10.1209/0295-5075/ad3574 | |
Published online | 11 April 2024 |
Multifactorial effects on bounded rational decision-making
1 School of Mathematical Sciences, Jiangsu University - Zhenjiang, Jiangsu 212013, China
2 Institute of Complex Networks and Intelligent Systems, Shanghai Research Institute for Intelligent Autonomous Systems, Tongji University - Shanghai 201210, China
Received: 3 January 2024
Accepted: 19 March 2024
Conventional models of decision-making are predicated upon the notion of rational deliberation. However, empirical evidence has increasingly highlighted the pervasive role of bounded rationality in shaping decisional outcomes. The manifestation of bounded rationality is evident through a spectrum of cognitive biases and heuristics, including but not limited to anchoring, availability, the decoy effect, herd behavior, and the nuanced dynamics of reward and punishment, as well as the implications of weighting and framing effects. This prospective study is dedicated to a comprehensive exploration of such multiple factors together with their impacts to the architecture and functionality of decision-making processes, and their further research potentials as well.
© 2024 EPLA
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