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Routledge Handbook of Bounded Rationality

Author: Riccardo Viale

Publisher: Routledge

Published: 2020-12-02

Total Pages: 681

ISBN-13: 1317330803

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.

Bounded Rationality

Author: Gerd Gigerenzer

Publisher: MIT Press

Published: 2002-07-26

Total Pages: 404

ISBN-13: 9780262571647

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In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational decision making in economics, cognitive science, biology, and other fields largely ignore these real constraints and instead assume agents with perfect information and unlimited time. About forty years ago, Herbert Simon challenged this view with his notion of "bounded rationality." Today, bounded rationality has become a fashionable term used for disparate views of reasoning. This book promotes bounded rationality as the key to understanding how real people make decisions. Using the concept of an "adaptive toolbox," a repertoire of fast and frugal rules for decision making under uncertainty, it attempts to impose more order and coherence on the idea of bounded rationality. The contributors view bounded rationality neither as optimization under constraints nor as the study of people's reasoning fallacies. The strategies in the adaptive toolbox dispense with optimization and, for the most part, with calculations of probabilities and utilities. The book extends the concept of bounded rationality from cognitive tools to emotions; it analyzes social norms, imitation, and other cultural tools as rational strategies; and it shows how smart heuristics can exploit the structure of environments.

Modeling Bounded Rationality

Author: Ariel Rubinstein

Publisher: MIT Press

Published: 1998

Total Pages: 226

ISBN-13: 9780262681001

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The notion of bounded rationality was initiated in the 1950s by Herbert Simon; only recently has it influenced mainstream economics. In this book, Ariel Rubinstein defines models of bounded rationality as those in which elements of the process of choice are explicitly embedded. The book focuses on the challenges of modeling bounded rationality, rather than on substantial economic implications. In the first part of the book, the author considers the modeling of choice. After discussing some psychological findings, he proceeds to the modeling of procedural rationality, knowledge, memory, the choice of what to know, and group decisions.In the second part, he discusses the fundamental difficulties of modeling bounded rationality in games. He begins with the modeling of a game with procedural rational players and then surveys repeated games with complexity considerations. He ends with a discussion of computability constraints in games. The final chapter includes a critique by Herbert Simon of the author's methodology and the author's response. The Zeuthen Lecture Book series is sponsored by the Institute of Economics at the University of Copenhagen.

Bounded Meaning

Author: Matthew Mandelkern

Publisher: Oxford University Press

Published: 2024-08-20

Total Pages: 300

ISBN-13: 0192697129

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Bounded Meaning investigates the dynamics of interpretation: how and why the interpretation of the building blocks of human language is sensitive, not just to the context in which the expression is used, but also to the expression's linguistic environment—in other words, how and why interpretation depends not just on global information, but also on local information. Matthew Mandelkern motivates a range of generalizations about the dynamics of interpretation, some known and some novel, involving modals, conditionals, and anaphora, and an overview of the best extant theory of those patterns, dynamic semantics, is provided. After bringing out the striking motivations and successes of that framework, the discussion turns to criticisms of dynamic semantics, focusing on its puzzling predictions about the logic of natural language. In response to these problems, Mandelkern develops a novel framework for explaining dynamic phenomena without dynamic semantics: the bounded theory of meaning. On the bounded theory, dynamic phenomena arise from the interaction of two dimensions of meaning. One dimension is a standard truth-conditional layer, which, relative to a context of use, associates each sentence with a proposition. The second dimension, the dimension of bounds, limits the admissible interpretations of an expression, relative to the expression's context of use and its local information. Bounds thus play an essential role in coordinating on the resolution of context-sensitive language, explaining dynamic effects in natural language while avoiding a variety of problematic predictions of dynamic semantics.

The Theory of the Knowledge Square: The Fuzzy Rational Foundations of the Knowledge-Production Systems

Author: Kofi Kissi Dompere

Publisher: Springer

Published: 2012-08-28

Total Pages: 232

ISBN-13: 3642311199

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The monograph is about a meta-theory of knowledge-production process and the logical pathway that connects the epistemic possibility to the epistemic reality. It examines the general conditions of paradigms for information processing and isolates the classical and fuzzy paradigms for comparative analysis. The sets of conditions that give rise to them are defined, stated and analyzed to abstract the corresponding sets of laws of thought. The fuzzy paradigm with its corresponding logic and mathematics is related to inexact symbolism for the defective information structure where the results of the knowledge production must satisfy the epistemic conditionality, composed of fuzzy conditionality and fuzzy-stochastic conditionality under the principle of logical duality with continuum. The classical paradigm with its corresponding logic and mathematics is related to exact symbolism for exact information structure where the vagueness component of the defectiveness is assumed away, and where the results of the knowledge production must satisfy no epistemic conditionality or at the maximum only the stochastic conditionality under the principle of logical dualism with excluded middle. It is argued that the epistemic path that links ontological space to the epistemological space is information. The ontological space is taken as the primary category of reality while the epistemological space is shone to be a derivative. Such information is universally defective and together with assumptions imposed guides the development of paradigms with their laws of thought, logic of reasoning, mathematics and computational techniques. The relational structure is seen in terms of logical trinity with a given example as matter-information-energy transformational trinity which is supported by the time trinity of past-present-future relationality. The book is written for professionals, researchers and students working in philosophy of science, decision-choice theories, economies, sciences, computer science, engineering, cognitive psychology and researchers working on, or interested in fuzzy paradigm, fuzzy logic, fuzzy decisions, and phenomena of vagueness and ambiguities, fuzzy mathematics, fuzzy-stochastic processes and theory of knowledge. It is further aimed at research institutions and libraries. The subject matter belongs to extensive research and development taking place on fuzzy phenomena and the debate between the fuzzy paradigm and the classical paradigm relative to informatics, synergetic science and complexity theory. The book will have a global appeal and across disciplines. Its strength, besides the contents, is the special effort that is undertaken to make it relevant and accessible to different areas of sciences and knowledge production.

Believing Thinking, Bounded Theology

Author: Cynthia Bennett Brown

Publisher: James Clarke & Company

Published: 2016-01-28

Total Pages: 202

ISBN-13: 0227905504

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Surprisingly little attention has been given in recent scholarship to the work of Emil Brunner (1889-1966), one of the leading neo-orthodox theologians of the twentieth century. But his influence on modern theology persists to this day, offering a path to philosophical truth through faith. In Believing Thinking, Bounded Theology, Cynthia Bennett Brown explores the nature of and limits to theological thinking in Brunner's work. What results from this study is an encounter with a thoroughly biblical, warmly pastoral, carefully intellectual, and insistently Christocentric exposition of the Christian faith that remains relevant for theology and life today.

Bounded Knowledge

Author: Daniele Cantini

Publisher:

Published: 2020-09

Total Pages: 264

ISBN-13: 9789774169861

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An ethnographic study of how doctoral-level research in the social sciences and humanities is produced in Egypt Much scholarship has been devoted to debates around how global inequalities of knowledge production arise from asymmetric power relations and disparities in access to material resources, as well as values and practices that prioritize certain academic disciplines and research outputs over others. The central role played by universities in producing both knowledge and researchers is similarly acknowledged, with the doctorate increasingly recognized as a crucial phase in establishing both. Bounded Knowledge: Doctoral Studies in Egypt explores these debates from a uniquely Egyptian perspective. It provides a fresh, historical analysis of how doctoral studies evolved in Egypt and an ethnographic inquiry into the actual conditions of knowledge production in the country's public universities, with focus on the humanities and social sciences. Although it is commonplace to speak of international collaborations in knowledge production, institutional settings and material conditions are so uneven as to make the fiction of equality impossible to sustain. The chapters in this book, by social scientists within and outside Egypt, look closely at how such academic hierarchies are reinforced in the context of the internationalization of research. They also look at the ways in which notions of socially responsible research, common the world over, are translated in the particularly Egyptian context: how research topics are discussed, how doctoral studies are organized, and ultimately, how society thinks about research.

Knowledge Management, Innovation, and Entrepreneurship in a Changing World

Author: Jennex, Murray Eugene

Publisher: IGI Global

Published: 2020-03-27

Total Pages: 463

ISBN-13: 1799823571

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In today’s world of business, gaining an advantage of competitors is a focal point for organizations and a driving force in the economy. New practices are being studied and implemented constantly by rivaling companies. Many industries have begun putting emphasis on intensive knowledge practices, with the belief that implementing cutting-edge learning practices will fuel research and innovation within the company. Understanding this dynamic method of management is critical for managers and executives who wish to propel the success of their organizations. Knowledge Management, Innovation, and Entrepreneurship in a Changing World is a collection of pioneering research on the methods of gaining organizational advantages based on knowledge innovation and management. While highlighting topics including human-robot teaming, organizational learning, and e-collaboration, this book will explore the sustainable links between knowledge management influences and organizational capability. This book is ideally designed for managers, strategists, economists, policymakers, entrepreneurs, business professionals, researchers, students, and academics seeking research on recent trends in innovative economics and business technologies.

Learning Domain-Driven Design

Author: Vlad Khononov

Publisher: "O'Reilly Media, Inc."

Published: 2021-10-08

Total Pages: 342

ISBN-13: 1098100107

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Building software is harder than ever. As a developer, you not only have to chase ever-changing technological trends but also need to understand the business domains behind the software. This practical book provides you with a set of core patterns, principles, and practices for analyzing business domains, understanding business strategy, and, most importantly, aligning software design with its business needs. Author Vlad Khononov shows you how these practices lead to robust implementation of business logic and help to future-proof software design and architecture. You'll examine the relationship between domain-driven design (DDD) and other methodologies to ensure you make architectural decisions that meet business requirements. You'll also explore the real-life story of implementing DDD in a startup company. With this book, you'll learn how to: Analyze a company's business domain to learn how the system you're building fits its competitive strategy Use DDD's strategic and tactical tools to architect effective software solutions that address business needs Build a shared understanding of the business domains you encounter Decompose a system into bounded contexts Coordinate the work of multiple teams Gradually introduce DDD to brownfield projects