Statistical testing of bounded rationality with applications to the newsvendor model

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• 作者：Jan Ubø ; e ; ^{jan.uboe@nhh.no} ; Jonas Andersson ; Kurt Jö ; rnsten ; Jostein Lillestø ; l ; Leif Sandal
• 关键词：Behavioral OR ; Experimental economics ; Bounded rationality ; Probabilistic cost efficiency
• 刊名：European Journal of Operational Research
• 出版年：2017
• 出版时间：16 May 2017
• 年：2017
• 卷：259
• 期：1
• 页码：251-261
• 全文大小：1062 K
• 卷排序：259

文摘

We provide a formal definition of bounded rationality. We provide a rigorous statistical test of this definition. We discuss the pull-to-center effect in a newsvendor setting. We examine conditions where underorders are consistently larger than overorders.