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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).…

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…

Embodied Functionalism and Inner Complexity: Simon’s 21st-Century Mind

The second in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Robert D. Rupert One can hardly underestimate Herbert Simon’s influence on contemporary cognitive science and empirically oriented philosophy of mind. Working with collaborators at Carnegie Mellon and the Rand Corporation, he wrote Logic Theorist and General Problem…