Models of bounded rationality

書誌事項

Models of bounded rationality

Herbert A. Simon

MIT Press, c1982, c1997

  • v.1
  • v.2
  • v.3

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注記

Includes bibliographical references and index

CONTENTE: v.1. Economic analysis and public policy -- v.2. Behavioral economics and business orgaization -- v.3. Empirically gounded economic reason

内容説明・目次

巻冊次

v.1 ISBN 9780262192057

内容説明

The Nobel Prize in Economics was awarded to Herbert Simon in 1978. At Carnegie-Mellon University he holds the title of Professor of Computer Science and Psychology. These two facts together delineate the range and uniqueness of his contributions in creating meaningful interactions among fields that developed in isolation but that are all concerned with human decision-making and problem-solving processes.In particular, Simon has brought the insights of decision theory, organization theory (especially as it applies to the business firm), behavior modeling, cognitive psychology, and the study of artificial intelligence to bear on economic questions. This has led not only to new conceptual dimensions for theoretical constructions, but also to a new humanizing realism in economics, a way of taking into account and dealing with human behavior and interactions that lie at the root of all economic activity.The sixty papers and essays contained in these two volumes are grouped under eight sections, each with a brief introductory essay. These are: "Some Questions of Public Policy, Dynamic Programming Under Uncertainty; Technological Change; The Structure of Economic Systems; The Business Firm as an Organization; The Economics of Information Processing; Economics and Psychology;" and "Substantive and Procedural Reality."Most of Simon's papers on classical and neoclassical economic theory are contained in volume one. The second volume collects his papers on behavioral theory, with some overlap between the two volumes.
巻冊次

v.2 ISBN 9780262192064

内容説明

The Nobel Prize in Economics was awarded to Herbert Simon in 1978. At Carnegie-Mellon University he holds the title of Professor of Computer Science and Psychology. These two facts together delineate the range and uniqueness of his contributions in creating meaningful interactions among fields that developed in isolation but that are all concerned with human decision-making and problem-solving processes.In particular, Simon has brought the insights of decision theory, organization theory (especially as it applies to the business firm), behavior modeling, cognitive psychology, and the study of artificial intelligence to bear on economic questions. This has led not only to new conceptual dimensions for theoretical constructions, but also to a new humanizing realism in economics, a way of taking into account and dealing with human behavior and interactions that lie at the root of all economic activity.The sixty papers and essays contained in these two volumes are grouped under eight sections, each with a brief introductory essay. These are: "Some Questions of Public Policy, Dynamic Programming Under Uncertainty; Technological Change; The Structure of Economic Systems; The Business Firm as an Organization; The Economics of Information Processing; Economics and Psychology;" and "Substantive and Procedural Reality."Most of Simon's papers on classical and neoclassical economic theory are contained in volume one. The second volume collects his papers on behavioral theory, with some overlap between the two volumes.
巻冊次

v.3 ISBN 9780262193726

内容説明

Offering alternative models based on such concepts as satisficing (acceptance of viable choices that may not be the undiscoverable optimum) and bounded rationality (the limited extent to which rational calculation can direct human behavior), Simon shows concretely why more empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, is needed. Throughout Herbert Simon's wide-ranging career-in public administration, business administration, economics, cognitive psychology, philosophy, artificial intelligence, and computer science-his central aim has been to explain the nature of the thought processes that people use in making decisions. The third volume of Simon's collected papers continues this theme, bringing together work on this and other economics-related topics that have occupied his attention in the 1980s and 1990s: how to represent causal ordering formally in dynamic systems, the implications for society of new electronic information systems, employee and managerial motivation in the business firm (specifically the implications for economics of the propensity of human beings to identify with the goals of organizations), and the state of economics itself. Offering alternative models based on such concepts as satisficing (acceptance of viable choices that may not be the undiscoverable optimum) and bounded rationality (the limited extent to which rational calculation can direct human behavior), Simon shows concretely why more empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, is needed. The twenty-seven articles, in five sections, each with an introduction by the author, examine the modeling of economic systems, technological change: information technology, motivation and the theory of the firm, and behavioral economics and bounded rationality.

目次

  • Part 1 The structure of complex systems: Causal ordering - causality in economic models
  • causal ordering, comparative statics, and near decomposability, ( with Y. Iwasaki)
  • causality and model abstraction, (with Y. Iwasaki)
  • simulating large systems - simulation of large-scale systems by aggregation
  • prediction and prescription in systems modelling. Part 2 The advance of information technology: the rural-urban population balance again
  • the impact of electronic communications on organizations
  • the steam engine and the computer - what makes technology revolutionary
  • managing in an information-rich world
  • on the alienation of workers and management. Part 3 Motivation and the theory of the firm: a mechanism for social selection and successful altruism
  • organizations and markets
  • altruism and economics - a summary statement
  • altruism and economics - social implications. Part 4 Behaviourial economics and bounded rationality: behaviourial economics - preface to "Handbook of behaviourial economics"
  • behaviourial economics
  • bounded rationality
  • satisfying
  • empirical methods in economics - behaviourial research - theory and public policy
  • methodological foundations of economics
  • preface to "La theorie moderne de l'enterprise - l'approche institutionelle
  • initial and boundary conditions in economic theory - on the behaviourial and rational foundations of economic dynamics
  • rationality in psychology and economics
  • the state of economic science - the failure of armchair economics
  • why economists disagree
  • the state of economic science
  • economic reasoning in words and pictures - effect of mode of data presentation on reasoning about economic markets (with H.J.M. Tabachneck).

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