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Satisficing in Political Decision Making

An open access entry. Wot? No discussion of Simon’s key The Sciences of the Artificial and broad discussion of collective intentionality? Artificial intelligenceBounded Rationalitycognitive closurecollective intentionalitycomplexityDecision makingHerbert Simonheuristicsphilosophy of social sciencesatisficing

Herb Simon and Wim Wenders

Here’s an interesting discussion paper that caught my eye. I couldn’t resist a title with Simon and most improbably, Wenders, in it. Ethics is then also involved. As Wenders emphasised, freedom is at risk when the capacity of self-reflection and self-elaboration becomes weaker: when humans are not autonomous in their capacity of thinking and deciding…

Taleb on EconTalk

Russ Roberts chats with Taleb about his latest book Skin in the Game, my copy due to be in my hands tomorrow.   complexityDecision makingexpertiseintellectual yet idiotNassim Nicholas TalebprobabilityrationalityReligionRiskRuss Robertsskin in the game

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…

Organizational Decisions in the Lab

The eleventh in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Massimo Egidi “Bounded Rationality” is a label that gathers the most important advancements of Herbert Simon’s scientific production. His fundamental contributions to cognitive psychology and to the theory of problem solving were developed jointly, each…

Boundedly Rational Decision-Making under Certainty and Uncertainty: Some Reflections on Herbert Simon

The sixth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Mark Pingle Introduction Our collective rationality became more bounded on February 9, 2001. Herbert Simon emphasized we humans are cognitively constrained, and those constraints impact our decisions. Yet, Herbert Simon’s mind was less constrained than most of…