Rational Rules is a model of concept learning. Concepts are represented as compositional rule formulas. The version below is a simplified version of the model used in Ref:Goodman2008ub. ;;first set up ...

Heuristics are simple rules of thumb that individuals can rely on, in preference to comprehensive information and analysis, to streamline decision-making. We find that these heuristics are ...

Effective innovation also requires rationality and business fundamentals that allow good ideas to come to life. Effective leaders build teams of creative and rational thinkers and encourage them ...

The behavior of several stochastic dynamic rational expectations models is studied when policy behavior can be described by a linear rule. Four policy components are distinguished: a current response ...