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Bounded Rationality Updated

Special issue of Mind & Society. (H/T to Francesco Di Iorio) From April 8th to 10th 2013, the Herbert Simon Society held its first General Conference in New York. About fifty researchers from different countries and working in different areas attended the event. The conference focused on three topics which were identified as particularly relevant in…


Elinor Ostrom

Somehow the passing of Elinor did not come to my attention. Here is IU’s remembrance page. Economist obituary Tell me about some of the key people and publications that have influenced you over the years Herbert Simon and Douglass North have both been very influential on my work: Herbert Simon for his work on rational…


Is Behavioral Economics Doomed?

Here is a skeptical take on the insights supposedly offered by the rise of behavioral economics as represented by Daniel Kahneman and others. Since I’m in the process of reviewing Kahneman it will be interesting to see if Levine’s take on behavioral economics jibes with my take on Kahneman in particular and behavioral economics in…


Hayek and Behavioral Economics: Mindscapes and Landscapes: Hayek and Simon on Cognitive Extension

I see that the publisher now has a fully detailed page up for a volume that I’ve been privileged to be a part of. The Foreword is by a very nice chappie going by the name of V.Smith and includes luminaries such as McCloskey, Boettke, Gintis, Steel and others. My abstract: Mindscapes and Landscapes: Hayek and Simon on Cognitive Extension Hayek’s…


Remembering Herbert Simon

Simon died this day in 2001. Check out these two books – Models of a Man (as with most edited books this is uneven, but there is still much to recommend it) and Herbert A. Simon: The Bounds of Reason in Modern America, an excellent intellectual biography. Speaking of Simon, I have a paper coming out entitled…


Hayek and the “Use of Knowledge in Society”

Here is a draft of my entry for the SAGE Encyclopedia of Philosophy and the Social Sciences. Hayekuse of knowledge in society


Daniel Kahneman on Cognitive Traps

Daniel Kahneman’s recently released book Thinking, Fast and Slow aimed at a popular audience is certainly generating a great deal of press, so far as I can tell, most of it very positive. Here he is outlining his experimental work in a Ted Talk. As a behavioral economist much of what he says about rationality will have…