Agent-based models of bounded rationality
Abstract
Purpose
The purpose of this editorial is to introduce the Special Issue “Agent-Based Models of Bounded Rationality” and to provide an overview of its rationale and main objectives.
Design/methodology/approach
After outlining the overall framework to justify the choice of agent-based modeling in relation to bounded rationality, an overview of the six papers published in the Special Issue is presented.
Findings
The paper argues that simulation of complex adaptive social systems is a way to set the ground for updating the concept of bounded rationality and prepare for it to still play a significant role in the years to come.
Originality/value
After its introduction, bounded rationality remained mostly used but seldom discussed in both its assumptions and its meaning. The originality of this introduction is to unveil some of the points that keep rationality still at the core of organization and team research.
Keywords
Acknowledgements
There are many colleagues who contributed to the making of this Special Issue. The guest editor is deeply indebted to the editor-in-chief of Team Performance Management, Prof. Petru Curseu, for all the help, support, flexibility and enthusiasm around the topic of ABM and bounded rationality. He deeply appreciates the work done and the support extended by all those involved in this collaborative work. The guest editor literally. Finally, also thanks the various reviewers who provided excellent feedback to the authors. This Special Issue could not have been done without them […] literally. Finally, the guest editor recognizes and thanks all authors who have worked very hard to improve their papers and made his job easier.
Citation
Secchi, D. (2017), "Agent-based models of bounded rationality", Team Performance Management, Vol. 23 No. 1/2, pp. 2-12. https://doi.org/10.1108/TPM-12-2016-0052
Publisher
:Emerald Publishing Limited
Copyright © 2017, Emerald Publishing Limited