The Evolutionary Invisible Hand: The Problem of Rational Decision-Making and Social Ordering over Time
The latest in the series. Austrian Economicsclassical liberalismDecision makinginvisible handMatúš Pošvancrationalitytime
The latest in the series. Austrian Economicsclassical liberalismDecision makinginvisible handMatúš Pošvancrationalitytime
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…
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…
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…
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…
The fifth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Ron Sun The notion of rationality is important to many fields in social and behavioral sciences. Herbert Simon’s seminal work on “bounded rationality” and “satisficing” led to broadened conceptions of rationality, which significantly impacted a number of…
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
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…
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
Rouslan Koumakhov has brought my attention to this newly coauthored and freely available Simon paper. Rouslan was one of the contributors to our Simon centenary volume as well. Decision makingHerbert Simonorganization theoryRouslan Koumakhovroutines