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Simon's Bounded Rationality. Origins and use in economic theory

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Abstract

The paper aims to show how Simon's notion of bounded rationality should be interpreted in the light of its connection with artificial intelligence. This connection points out that bounded rationality is a highly structured concept, and sheds light on several implications of Simon's general views on rationality. Finally, offering three paradigmatic examples, the artic1e presents the view that recent approaches, which refer to Simon's heterodox theory, only partially accept the teachings of their inspirer, splitting bounded rationality from the context of artificl al intelligence.

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File URL: http://www.cesmep.unito.it/WP/2005/9_WP_Cesmep.pdf
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Bibliographic Info

Paper provided by University of Turin in its series CESMEP Working Papers with number 200509.

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Length: 25 pages
Date of creation: 20 Jul 2005
Date of revision:
Handle: RePEc:uto:cesmep:200509

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Web page: http://www.unito.it/
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Cited by:
  1. Germana Bottone, 2009. "Education in Italy: is there any return?," ISAE Working Papers 109, ISTAT - Italian National Institute of Statistics - (Rome, ITALY).

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