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herb-simon

Commemorating the Centennial of Herbert Simon’s birth

As many Simon aficionado’s will know, this year sees several conferences and publications marking the centenary of his birth. So on this note, yet another plug for Minds, Models and Milieux Commemorating the Centennial of the Birth of Herbert Simon but also to mention some upcoming Herbert Simon Society events (it’s somewhat reassuring given the disrepair of the delusional EU…

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Herbert Simon – a Hedgehog and a Fox

The seventeenth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Roger Frantz and Leslie Marsh A Quality of Mind If as Archilochus’ famous fragment goes “The fox knows many things, but the hedgehog knows one big thing” then Herbert Simon is, at face value, a star…

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Bounded Rationality in the Digital Age

The fifteenth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Peter E. Earl One of the great tragedies in economics in the decades since Simon received the 1978 Alfred Nobel Memorial Prize in Economic Sciences is that the uptake of his ideas within the discipline…

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Models of Environment

The thirteenth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Marcin Miłkowski Herbert A. Simon is well known for his account of bounded rationality. Whereas classical economics idealized economic agency and framed rational choice in terms of the decision theory, Simon insisted that agents need…

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Simon on Social Identification: Two Connections with Bounded Rationality

The twelfth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Rouslan Koumakhov Social identifications are one of Herbert Simon’s most recurrent themes. Starting with Administrative Behavior (hereafter, AB) (Simon, 1947/1997), he investigates that theme throughout his scientific work on an impressive number of occasions. Perhaps…