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I like to thank my anonymous reviewer for pointing out to me that my interpretation of the characterisation by March (1978) of bounded rationality as optimisation under constraints may not do justice to the concept as it is elaborated later by Simon (1990) – see Todd and Gigerenzer (2003) for a convincing argument on this point. For the illustration’s purpose, however, this interpretation yields a better contrast with the other rationalities he describes
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I like to thank my anonymous reviewer for pointing out to me that my interpretation of the characterisation by March (1978) of bounded rationality as optimisation under constraints may not do justice to the concept as it is elaborated later by Simon (1990) – see Todd and Gigerenzer (2003) for a convincing argument on this point. For the illustration’s purpose, however, this interpretation yields a better contrast with the other rationalities he describes.
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The fact that car pooling presently accounts for some 15% of all work-related trips in the USA (Benkler, 2004) suggests that these conditions are met to some extent by the American society
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The fact that car pooling presently accounts for some 15% of all work-related trips in the USA (Benkler, 2004) suggests that these conditions are met to some extent by the American society.
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