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20 Mar 2018
1. What is the difference between economic rationality and ecological rationality? How do they make different predictions for decisions like impulsivity/discounting or the decoy effect (testing independence of irrelevant alternatives)? What is bounded rationality?
2. Consider both the marginal value theorem and the diet choice model. What do each of the models optimize? What are the assumptions that are being made (about the environment, about the animal)? What are some examples of additions that have been made to these models over the years.
1. What is the difference between economic rationality and ecological rationality? How do they make different predictions for decisions like impulsivity/discounting or the decoy effect (testing independence of irrelevant alternatives)? What is bounded rationality?
2. Consider both the marginal value theorem and the diet choice model. What do each of the models optimize? What are the assumptions that are being made (about the environment, about the animal)? What are some examples of additions that have been made to these models over the years.
Reid WolffLv2
21 Mar 2018
