David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Economics and Philosophy 16 (1):117-138 (2000)
Many criticisms have been made of optimization theory (Laville, 1999a). These objections may be explained by the fact that human rationality is bounded – that decisions are constrained by cognitive limitations (Simon, 1982). In the present paper, I will show that if rationality is bounded, then we must study the processes of decision. My thesis is that cognitive limitations lead to procedural rationality. Although this assertion has already been sustained implicitly by Simon (1959) and explicitly by Mongin (1986), it has not been argued in sufficient depth.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Seth Bullock & Peter M. Todd (1999). Made to Measure: Ecological Rationality in Structured Environments. [REVIEW] Minds and Machines 9 (4):497-541.
Thomas Sturm (2012). The “Rationality Wars” in Psychology: Where They Are and Where They Could Go. Inquiry 55 (1):66-81.
Shabnam Mousavi & Jim Garrison (2003). Toward a Transactional Theory of Decision Making: Creative Rationality as Functional Coordination in Context. Journal of Economic Methodology 10 (2):131-156.
Philip Gerrans (2001). Delusions as Performance Failures. Cognitive Neuropsychiatry 6 (3).
Frédéric Laville (2000). Should We Abandon Optimization Theory? The Need for Bounded Rationality. Journal of Economic Methodology 7 (3):395-426.
Herbert A. Simon (2000). Bounded Rationality in Social Science: Today and Tomorrow. [REVIEW] Mind and Society 1 (1):25-39.
Boicho Kokinov (2003). Analogy in Decision-Making, Social Interaction, and Emergent Rationality. Behavioral and Brain Sciences 26 (2):167-168.
Adam Morton (2010). Human Bounds: Rationality for Our Species. Synthese 176 (1):5 - 21.
Ralph Wedgwood (1999). The a Priori Rules of Rationality. Philosophy and Phenomenological Research 59 (1):113-131.
Mauro Maldonato (2007). Undecidable Decisions: Rationality Limits and Decision-Making Heuristics. World Futures 63 (1):28 – 37.
Added to index2009-01-28
Total downloads20 ( #79,714 of 1,096,264 )
Recent downloads (6 months)6 ( #32,031 of 1,096,264 )
How can I increase my downloads?