System Dynamics: Portraying Bounded Rationality (Classic Reprint) - Softcover

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Excerpt from System Dynamics<br/><br/>There are major exceptions to the general statement that system dynamicists have not attempted to communicate their philosophy, for example in papers by Meadows [1] and Andersen which compare and contrast the system dynamics paradigm to other prevalent mathematical modeling paradigms. This paper adds a new dimension to the work of Meadows and Andersen by focusing on the implicit assumptions that system dynamics makes about human decision-making processes.

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