Economics Bounded Rationality And The Cognitive Revolution

Author : The late Herbert A. Simon
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781008225
Total Pages : 244 pages
Book Rating : 4.21/5 ( download)

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Download or read book Economics, Bounded Rationality and the Cognitive Revolution written by The late Herbert A. Simon and published by Edward Elgar Publishing. This book was released on with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to publish the ideas of the late Herbert Simon and sympathetic economists, on the subject of bounded rationality, economics, cognitive science and related disciplines, and to reprint some of Professor Simon's classic papers which have appeared in journals not widely read by economists. Not only on account of his Nobel Prize in Economics, but also because of the widespread applications of his ideas and theories, it is especially valuable to readers to have a book of this kind at the present time. Currently in this whole field, there is increasing emphasis on computer-related theory building. Herbert Simon, beginning from the time when microcomputers did not exist, was a pioneer of this approach. The book begins with an edited transcript of a colloquium, held between Herbert Simon and a group of Italian economists in Italy in 1988. It continues with the reprinted Simon papers and papers by three scholars, Raymond Boudon, Massimo Egidi and Riccardo Viale coming from different disciplines but holding a common interest in bounded rationality and ends with a response by a sympathetic economist, Robin Marris.

Author : Herbert Alexander Simon
Publisher : Edward Elgar Publishing
ISBN 13 : 9781847208965
Total Pages : 232 pages
Book Rating : 4.67/5 ( download)

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Download or read book Economics, Bounded Rationality and the Cognitive Revolution written by Herbert Alexander Simon and published by Edward Elgar Publishing. This book was released on 2008 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this book is to publish the ideas of the late Herbert Simon and sympathetic economists, on the subject of bounded rationality, economics, cognitive science and related disciplines, and to reprint some of Professor Simon's classic papers which have appeared in journals not widely read by economists.

Author : Riccardo Viale
Publisher : Routledge
ISBN 13 : 1317330803
Total Pages : 681 pages
Book Rating : 4.06/5 ( download)

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Download or read book Routledge Handbook of Bounded Rationality written by Riccardo Viale and published by Routledge. This book was released on 2020-12-02 with total page 681 pages. Available in PDF, EPUB and Kindle. Book excerpt: Herbert Simon’s renowned theory of bounded rationality is principally interested in cognitive constraints and environmental factors and influences which prevent people from thinking or behaving according to formal rationality. Simon’s theory has been expanded in numerous directions and taken up by various disciplines with an interest in how humans think and behave. This includes philosophy, psychology, neurocognitive sciences, economics, political science, sociology, management, and organization studies. The Routledge Handbook of Bounded Rationality draws together an international team of leading experts to survey the recent literature and the latest developments in these related fields. The chapters feature entries on key behavioural phenomena, including reasoning, judgement, decision making, uncertainty, risk, heuristics and biases, and fast and frugal heuristics. The text also examines current ideas such as fast and slow thinking, nudge, ecological rationality, evolutionary psychology, embodied cognition, and neurophilosophy. Overall, the volume serves to provide the most complete state-of-the-art collection on bounded rationality available. This book is essential reading for students and scholars of economics, psychology, neurocognitive sciences, political sciences, and philosophy.

Author : Univ Of Chicago
Publisher : Mit Press
ISBN 13 : 9780262519434
Total Pages : 336 pages
Book Rating : 4.37/5 ( download)

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Download or read book Models of Bounded Rationality written by Univ Of Chicago and published by Mit Press. This book was released on 1997-07 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering alternative models based on such concepts as satisficing(acceptance of viable choices that may not be the undiscoverableoptimum) and bounded rationality (the limited extent to which rationalcalculation can direct human behavior), Simon shows concretely whymore empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, isneeded.

Author : Graham Mallard
Publisher : Routledge
ISBN 13 : 131765384X
Total Pages : 143 pages
Book Rating : 4.44/5 ( download)

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Download or read book Bounded Rationality and Behavioural Economics written by Graham Mallard and published by Routledge. This book was released on 2015-08-14 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics Nobel Laureate Herbert Simon developed the concept of bounded rationality in the 1950s. This asserts that the cognitive abilities of human decision-makers are not always sufficient to find optimal solutions to complex real-life problems, leading decision-makers to find satisfactory, sub-optimal outcomes. This was a foundational component of the development of Behavioural Economics but in recent years the two fields have diverged, each with its own literature, its own approach and its own proponents. Behavioural Economics explores the areas of commonality between Economics and Psychology, in terms of its focus and its approach, whereas the bounded rationality literature largely analyses the implications of sub-optimal decision‐making through the mathematically sophisticated methodology of mainstream Economics. This book examines the nature and consequences of this divergence and questions whether this is a case of beneficial specialisation or whether it is unhelpful, potentially stunting the development of some aspects of Economics. It has been suggested that the major deficiency of Behavioural Economics is that it has failed to produce a single, widely applicable alternative to constrained optimisation. This book evaluates the extent to which this is the true and, if it is, the extent to which it is a product of the divergence between the two literatures. It also seeks to identify commonalities between the two subjects and suggests avenues of research in Economics that would benefit from a re-fusion of these two fields.

Author : Bernard Walliser
Publisher : Springer Science & Business Media
ISBN 13 : 3540713476
Total Pages : 182 pages
Book Rating : 4.70/5 ( download)

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Download or read book Cognitive Economics written by Bernard Walliser and published by Springer Science & Business Media. This book was released on 2007-10-25 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in an informal way, this book is addressed to philosophers or cognitive scientists curious of how economics deals with cognition and to graduate students in economics eager to discover how economics evolves. It aims at extending the framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with individual choices and collective interactions.

Author : Riccardo Viale
Publisher : Springer Science & Business Media
ISBN 13 : 364240216X
Total Pages : 454 pages
Book Rating : 4.66/5 ( download)

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Download or read book Methodological Cognitivism written by Riccardo Viale and published by Springer Science & Business Media. This book was released on 2014-01-09 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers a broad spectrum of topics, from experimental philosophy and cognitive theory of science, to social epistemology and research and innovation policy. Following up on the previously published Volume 1, “Mind, Rationality, and Society,” it provides further applications of methodological cognitivism in areas such as scientific discovery, technology transfer and innovation policy. It also analyzes the impact of cognitive science on philosophical problems like causality and truth. The book is divided into four parts: Part I “Experimental Philosophy and Causality” tackles the problem of causality, which is often seen as straddling metaphysics, ontology and epistemology. Part II “Cognitive Rationality of Science” deals with the cognitive foundation of scientific rationality, starting from a strong critique of the neopositivist rationality of science on the one hand and of the relativist and social reduction of the methodology of science on the other. Part III “Research Policy and Social Epistemology” deals with topics of social epistemology, science policy and culture of innovation. Lastly, Part IV “Knowledge Transfer and Innovation” addresses the dynamics of knowledge generation, transfer and use in technological innovation.

Author : Riccardo Viale
Publisher : Springer
ISBN 13 : 9783642247422
Total Pages : 0 pages
Book Rating : 4.23/5 ( download)

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Download or read book Methodological Cognitivism written by Riccardo Viale and published by Springer. This book was released on 2012-05-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the cognitive foundation of the theory of social action. The social sciences are still guided by models of social action, far from the empirical reality of the psychology of action. While economics seems to have made greater progress in accepting the changes to the theory of action derived from cognitive science (see, for example, the 2002 Nobel prize for economics awarded to Daniel Kahneman), sociology is still being oriented on the dualism of hermeneutics vs. structuralism, which leaves very little room for a cognitive theory of social action. The unique features of the book are its combination of epistemology, philosophy of mind and cognitive science in order to renew and overcome the limits of the current methodologies of social science and in particular methodological individualism. Methodological cognitivism is proposed as an alternative to the holistic character of structuralism, to the intentionalist and rationalist features of methodological individualism, and to the relativistic character of hermeneutics and ethnomethodology.

Author : Riccardo Viale
Publisher :
ISBN 13 : 9783642402173
Total Pages : 468 pages
Book Rating : 4.78/5 ( download)

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Download or read book Methodological Cognitivism written by Riccardo Viale and published by . This book was released on 2014-01-31 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Riccardo Viale
Publisher : Springer
ISBN 13 : 9783642247422
Total Pages : 0 pages
Book Rating : 4.23/5 ( download)

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Download or read book Methodological Cognitivism written by Riccardo Viale and published by Springer. This book was released on 2012-05-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book deals with the cognitive foundation of the theory of social action. The social sciences are still guided by models of social action, far from the empirical reality of the psychology of action. While economics seems to have made greater progress in accepting the changes to the theory of action derived from cognitive science (see, for example, the 2002 Nobel prize for economics awarded to Daniel Kahneman), sociology is still being oriented on the dualism of hermeneutics vs. structuralism, which leaves very little room for a cognitive theory of social action. The unique features of the book are its combination of epistemology, philosophy of mind and cognitive science in order to renew and overcome the limits of the current methodologies of social science and in particular methodological individualism. Methodological cognitivism is proposed as an alternative to the holistic character of structuralism, to the intentionalist and rationalist features of methodological individualism, and to the relativistic character of hermeneutics and ethnomethodology.