Daniel Kahneman
Princeton announcement Amos TverskyBehavioral economicsDaniel Kahneman
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Herbert Gintis
I’ve just learnt of the death of Herb Gintis. Here is an obituary. I’d met him at a San Diego meeting of the Society for the Advancement of Behavioral Economics in 2010. Lovely and interesting man. Behavioral economicscomplexityHerbert Gintis
Denis Hilton: 1955-2021
On the 11th of February Denis Hilton passed away. He was a great cognitive psychologist who made important advancements in social cognition, decision making and behavioral finance. The Hilton-Slugoski model of causal attribution is considered one of the main pillars of causal reasoning. His analytical skill put him at the centre of the philosophical debate…
Multiple Equilibria, Bounded Rationality, and the Indeterminacy of Economic Outcomes: Closing the System with Institutional Parameters
The tenth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Morris Altman A critical point made by behavioral economists from a wide set of methodological perspectives is that individuals typically do not make decisions that are consistent with conventional economic theoretical norms of rational…
From Bounded Rationality to Expertise
The ninth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Fernand Gobet Introduction Historically, a pervasive assumption in the social sciences, in particular economics, is that humans are perfect rational agents. Having full access to information and enjoying unlimited computational resources, they maximise utility when…
The Beginnings of Behavioral Economics
My chum and sometime collaborator Roger Frantz has a new book out. Amos TverskyBehavioral economicsDaniel KahnemanFriedrich HayekGeorge KatonaHarvey LeibensteinHerbert SimonRichard Thalerroger frantzX-efficiency theory
Towards a Rational Theory of Heuristics
The third in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Gerd Gigerenzer Herbert Simon left us with an unfinished task: a theory of bounded rationality. Such a theory should make two contributions. For one, it should describe how individuals and institutions actually make decisions. Understanding this process would advance…
The digital world, cognition and behaviour
Herbert Simon Society call for papers. For a comprehensive overview of Simon’s work by a Who’s Who of writers, check out this collection of essays. Behavioral economicsBounded RationalityCognitionCognitive scienceecological rationalityHerbert SimonheuristicsSocial network
Harris in conversation with Kahneman
The Harris-Kahneman chat is here. Below is my entry for Kahneman in Real World Decision Making: An Encyclopedia of Behavioral Economics. Amos TverskyBehavioral economicsCognitive scienceconsciousnessDaniel KahnemanPsychologysam harris
Mindscapes and Landscapes: Hayek and Simon on Cognitive Extension
Chapter 9 from Hayek and Behavioral Economics. agnoseologyBehavioral economicsBounded Rationalitycognitive closurecomplexityDescartesExtended cognitionExtended MindExternalismFriedrich HayekHerbert Simon
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