The dominant hypothesis in mainstream economics is the assumption of prefect rationality.
However, there are two dilemmas: Whenever this assumption was used empirical evidence
turned out to be against it. Secondly, this assumption is far from reality, for example, because
individuals usually do not possess all relevant information. Therefore, this volume addresses
issues of bounded rationality in different areas. The first part investigates bounded rationality
in financial markets, the second part investigates the effects of bounded rationality on …