Bounded rationality in social science: Today and tomorrow

@article{citeulike:2139140, abstract = {Abstract\ \ With the discovery of voluminous discordant empirical evidence, maximizing expected utility is rapidly disappearing as the core of the theory of human rationality, and a theory of bounded rationality, embracing both the processes and products of choice, is replacing it. There remains a large task of organizing our picture of economic and social processes and adding the new facts needed to shape the theory in an empirically sound way. It is also urgent that new tools now available for conducting empirical inquiry and constructing models be incorporated in social science graduate education.}, author = {Simon, Herbert }, citeulike-article-id = {2139140}, doi = {http://dx.doi.org/10.1007/BF02512227}, journal = {Mind \& Society}, keywords = {economics, game\_theory}, month = {March}, number = {1}, pages = {25--39}, posted-at = {2007-12-18 02:22:01}, priority = {0}, title = {Bounded rationality in social science: Today and tomorrow}, url = {http://dx.doi.org/10.1007/BF02512227}, volume = {1}, year = {2000} }

TY - JOUR ID - citeulike:2139140 L3 - citeulike-article-id:2139140 N2 - Abstract  With the discovery of voluminous discordant empirical evidence, maximizing expected utility is rapidly disappearing as the core of the theory of human rationality, and a theory of bounded rationality, embracing both the processes and products of choice, is replacing it. There remains a large task of organizing our picture of economic and social processes and adding the new facts needed to shape the theory in an empirically sound way. It is also urgent that new tools now available for conducting empirical inquiry and constructing models be incorporated in social science graduate education. IS - 1 JF - Mind & Society EP - 39 TI - Bounded rationality in social science: Today and tomorrow VL - 1 SP - 25 KW - economics KW - game_theory AU - Simon, Herbert PY - 2000/03/12/ UR - http://dx.doi.org/10.1007/BF02512227 ER -