Perceptual Rationality: An Evolutionary Game Theory of Perceptually Rational Decision-Making

Understanding how biological organisms make decisions is of fundamental importance in understanding behavior. Such an understanding within evolutionary game theory so far has been sought by appealing to bounded rationality. Here, we present a perceptual rationality framework in the context of group cooperative interactions, where individuals make rational decisions based on their evolvable perception of the environment. We show that a simple public goods game accounts for power law distributed p...