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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…

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…

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…

Herbert Simon and Agent-Based Computational Economics

The seventh in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Shu-Heng Chen and Ying Fang Kao Herbert Simon is a quintessential interdisciplinary scholar who has made pioneering contributions concerning the notion of bounded rationality, has built models based on it, and has also made important advances in…

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…

Rationality and the true human condition

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…

From The Sciences of the Artificial to Cognitive History

The fourth in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Subrata Dasgupta It is well known that Herbert Simon was a 20th century scientific polymath who made seminal contributions to the social sciences, behavioral sciences, design theory, computer science, and the philosophy of science (Dasgupta, 2003a, 2003b).…