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? (Boundary, Importance of Both Rationality and Irrationality,…
?
Boundary
rational decision-making
limited by
Information
Complexity
"satisficing" decisions
(good enough rather than optimal)
Time
Eg. Epson :printer:
Situation
dot-matrix printer
Missed Connection
Inkjet and laser printers
lost market share to HP
(adapt quicker)
Importance of Both Rationality and Irrationality
Analyzing Real-World Behavior
Anticipating Behavior
Irrationality
emotions :smiley:
Fairness
Jealousy
Charity
Allocentricism
Viewing the game from other players’ perspectives
Empathy
Perceptual Awareness
Strategic Insight