Uncertainty, Behavior, and the Limits of Rationality
Better decisions often rely on data, but real-world scenarios involve uncertainty and reactions to others, where behavioral science and bounded rationality become crucial. A recent session explored this by asking graduate students to model such situations, moving from intuitive thought exercises to formal mathematical representations. The diverse models created highlighted that computational modeling is not just technical but also about framing and understanding the emergent behaviors arising from local interactions and constraints.
Apr 8, 2025
