Search
Search
Bounded Rationality
Bounded Rationality

Date

source

share

[Revised entry by Gregory Wheeler on December 13, 2024.
Changes to: Main text, Bibliography, bias-variance-decomp.html]
Herbert Simon introduced the term ‘bounded rationality’ (Simon 1957b: 198; see also Klaes a Sent 2005) as shorthand for his proposal to replace the perfect rationality assumptions of homo economicus with a concept of rationality better suited to cognitively limited agents:…

Read the full article which is published on Stanford Encyclopedia of Philosophy (external link)

More
articles

More
news

What is Disagreement?

What is Disagreement?

This is Part 1 of a 4-part series on the academic, and specifically philosophical study of disagreement. In this series...

APA Member Interview, Peter Alward

APA Member Interview, Peter Alward

Peter Alward is a Professor of Philosophy at the University of Saskatchewan. Originally from Halifax, Nova Scotia, he received his...

APA Member Interview, Peter Alward

Science and the Public

I was awarded my Ph.D. in Philosophy in 2007. Early in my Ph.D. program, I mentioned to a more senior...