Tag Archive Browsing Tag: complexity

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behavioral economics, complexity

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

stigmergy

Ted Lewis: Engineering Hall of Fame

I’m chuffed to learn of my collaborator Ted Lewis’ recognition — see here. Very much taken by his superb Network Science: Theory and Applications I made contact. Our shared interest in stigmergy found voice in a couple of joint projects: Human-Human Stigmergy and Stigmergy in the Human Domain. I was privileged to read a draft…

Herbert Simon

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…

neuroscience

. . . but our brain can’t understand the picture

Hayek already wrote in The Sensory Order (1952) that “An apparatus of classification cannot explain anything more complex than itself” and that “The whole idea of the mind explaining itself is a logical contradiction’’. Hayek takes this incompleteness — the constitutional inability of mind to explain itself — to be a generalized case of Gödel’s Incompleteness Theorem. See…

Herbert Simon

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…