Minds and Machines

, Volume 26, Issue 1–2, pp 125–148

Rational Task Analysis: A Methodology to Benchmark Bounded Rationality

Article
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Abstract

How can we study bounded rationality? We answer this question by proposing rational task analysis (RTA)—a systematic approach that prevents experimental researchers from drawing premature conclusions regarding the (ir-)rationality of agents. RTA is a methodology and perspective that is anchored in the notion of bounded rationality and aids in the unbiased interpretation of results and the design of more conclusive experimental paradigms. RTA focuses on concrete tasks as the primary interface between agents and environments and requires explicating essential task elements, specifying rational norms, and bracketing the range of possible performance, before contrasting various benchmarks with actual performance. After describing RTA’s core components we illustrate its use in three case studies that examine human memory updating, multitasking behavior, and melioration. We discuss RTA’s characteristic elements and limitations by comparing it to related approaches. We conclude that RTA provides a useful tool to render the study of bounded rationality more transparent and less prone to theoretical confusion.

Keywords

Bounded rationality Benchmarking Optimality Task environment Rational analysis Ecological rationality 

Copyright information

© Springer Science+Business Media Dordrecht 2015

Authors and Affiliations

  • Hansjörg Neth
    • 1
    • 2
  • Chris R. Sims
    • 3
  • Wayne D. Gray
    • 4
  1. 1.Center for Adaptive Behavior and Cognition (ABC)Max Planck Institute for Human DevelopmentBerlinGermany
  2. 2.Social Psychology and Decision SciencesUniversity of KonstanzKonstanzGermany
  3. 3.Drexel UniversityPhiladelphiaUSA
  4. 4.Rensselaer Polytechnic InstituteTroyUSA

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