Approaches committed to these principles interpret bounded rationality as constrained optimization rather than a departure from rationality

Implicit in Aumann’s first four arguments is the notion that global rationality (section 2) is a reasonable normative standard but problematic for descriptive theories of human judgment and decision-making (section 8). Even the literature standing behind Aumann’s fifth argument, namely that there are problems with expected utility theory as a normative standard, nevertheless typically address those shortcomings through modifications to, or extensions of, the underlying mathematical theory (