Construct · 1 fields · 1 citations

aspiration adaptation theory: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
aspirationadaptation theory1 CONSTRUCTAspiration adaptationSELTEN · JUDGMENT AND DECISION

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Judgment and decision making

a bounded rationality model in which a decision maker adjusts aspiration levels for several incommensurable goals step by step rather than maximizing.

In judgment and decision making, aspiration adaptation theory refers to a bounded rationality model in which a decision maker adjusts aspiration levels for several incommensurable goals step by step rather than maximizing. This meaning comes from Selten (1998) in Journal of Mathematical Psychology.[1]

Unit
Recovery means
Measured by

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Nearby constructs

adaptation5 fields · 7 citationsjingle · one word, five constructsaspiration3 fields · 4 citationsjingle · one word, three constructsbounded rationality4 names · 5 citationsjangle · limited minds, four programs

References

  1. Selten, R. (1998). Aspiration Adaptation Theory. Journal of Mathematical Psychology, 42(2-3), 191-214. https://doi.org/10.1006/jmps.1997.1205

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