Analysis in Reasoning

TL;DR: In this article, the authors argue that the Bayesian approach is neither sufficient not necessary for the rationality of beliefs, since there are many situations in which there is not sufficient information for an individual to generate a Bayesian prior.

TL;DR: In this paper, an extension of Tversky's lexicographic semi-order to a model of boundedly rational choice is proposed, and the connection with sequential rationalisability of choice is explored.

TL;DR: Research indicates that individuals and organizations often rely on simple heuristics in an adaptive way, and ignoring part of the information can lead to more accurate judgments than weighting and adding all information, for instance for low predictability and small samples.

TL;DR: The authors found that when the contract offers money the environment is perceived as monetary, and participants respond in a qualitatively different way in monetary and non-monetary environments in a set of experiments.