Name
Title | ||
|---|---|---|
Statistical testing of bounded rationality with applications to the newsvendor model. |
Abstract | ||
|---|---|---|
•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. |
Year | DOI | Venue |
|---|---|---|
2017 | 10.1016/j.ejor.2016.10.007 | European Journal of Operational Research |
Keywords | Field | DocType |
Behavioral OR,Experimental economics,Bounded rationality,Probabilistic cost efficiency | Experimental economics,Newsvendor model,Mathematical optimization,Mathematical economics,Probabilistic logic,Bounded rationality,Cognitive Hierarchy Theory,Statistical hypothesis testing,Mathematics,Cost efficiency | Journal |
Volume | Issue | ISSN |
259 | 1 | 0377-2217 |
Citations | PageRank | References |
1 | 0.35 | 9 |
Authors | ||
5 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Jan Ubøe | 1 | 27 | 3.54 |
| Jonas Andersson | 2 | 23 | 1.15 |
| Kurt Jørnsten | 3 | 232 | 24.52 |
| Jostein Lillestøl | 4 | 1 | 0.35 |
| Leif Sandal | 5 | 29 | 4.69 |