Routledge Handbook of Bounded Rationality

Routledge Handbook of Bounded Rationality  book cover


Riccardo Viale

  •  Available for pre-order. Item will ship after October 29, 2020

ISBN 9781138999381October 29, 2020 Forthcoming by Routledge 696 Pages – 53 B/W Illustrations

Book Description

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 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 smart 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-art collection on bounded rationality available. 

This book is essential reading for students and scholars of economics, psychology, neurocognitive sciences, political sciences, and philosophy.

Table of Contents

1. Why Bounded Rationality?
Riccardo Viale

Part 1 – Naturalizing Bounded Rationality

2. Philosophical naturalism and bounded rationality
Thomas Sturm

3. Bounded Rationality: The Two Cultures
Konstantinos V. Katsikopoulos

4. Seeking Rationality: $500 Bills and Perceptual Obviousness
Teppo Felin and Mia Felin

5. Bounded Rationality, Distributed Cognition, and the Computational Modeling of Complex Systems
Miles MacLeod and Nancy J. Nersessian

6. Bounded Rationality and Problem Solving: The interpretative function of thought
Laura Macchi and Maria Bagassi

7. Simon’s legacies for mathematics educators
Laura Martignon, Kathryn Laskey and Keith Stenning

8. Bounded Knowledge
Cristina Bicchieri and Giacomo Sillari

Part 2 – Cognitive Misery and Mental Dualism

9. Bounded Rationality, Reasoning and Dual Processing
Jonathan St B T Evans

10. Why Humans are Cognitive Misers and What it Means for the Great Rationality Debate
Keith E. Stanovich

11. Bounded Rationality and Dual Systems
Samuel C. Bellini-Leite and Keith Frankish

12. Models and rational deductions
P.N. Johnson-Laird

13. Patterns of defeasible inference in causal diagnostic judgment 
Jean Baratgin and Jean-Louis Stilgenbauer

14. Attribute-based choice
Francine W. Goh and Jeffrey R. Stevens

Part 3 – Occam’s Razor: Mental Monism and Ecological Rationality

15. Bounded reason in a social world
Hugo Mercier and Dan Sperber

16. Rationality without optimality: Bounded and ecological rationality from a Marrian perspective
Henry Brighton

17. What Is Bounded Rationality?
Gerd Gigerenzer

18. The winds of change: The Sioux, Silicon Valley, and Simple Heuristics
Julian N. Marewski and Ulrich Hoffrage

19. Ecological rationality: Bounded rationality in an evolutionary light
Samuel A. Nordli and Peter M. Todd

20. Mapping Heuristics and Prospect Theory: A Study of Theory Integration
Thorsten Pachur

21. Bounded Rationality for Artificial Intelligence
Özgür Şimşek

22. Psychopathological Irrationality And Bounded Rationality: Why Is Autism Economically Rational?
Riccardo Viale

Part 4 – Embodied Bounded Rationality

23. Embodied bounded rationality
Vittorio Gallese, Antonio Mastrogiorgio, Enrico Petracca and Riccardo Viale

24. Extending the Bounded Rationality Framework: Bounded-Resource Models in Biology
Christopher Cherniak

25. How Rationality is Bounded by the Brain
Paul Thagard

26. Building a New Rationality from the New Cognitive Neuroscience
Colin H. McCubbins, Mathew D. McCubbins and Mark Turner

Part 5 – Homo Oeconomicus Bundatus

27. Modeling Bounded Rationality in Economic Theory: Four Examples
Ariel Rubinstein

28. Bounded Rationality, Satisficing and the Evolution of Economic Thought: Diverse Concepts
Clement A. Tisdell

29. Beyond Economists’ Armchairs: The Rise of Procedural Economics
Shabnam Mousavi and Nicolaus Tideman

30. Bounded Rationality and Expectations in Economics
Ignazio Visco and Giordano Zevi

31. Less is More for Bayesians, Too
Gregory Wheeler

32. Bounded Rationality as the Cognitive Basis for Evolutionary Economics 
Richard R. Nelson

33. Beyond “Bounded Rationality”: Behaviours and Learning in Complex Evolving Worlds
Giovanni Dosi, Marco Faillo and Luigi Marengo

Part 6 – Cognitive Organization

34. Bounded Rationality and Organizational Decision Making 
Massimo Egidi and Giacomo Sillari

35. Attention and organizations
Inga Jonaityte and Massimo Warglien

36. The Bounded Rationality of Groups and Teams
Torsten Reimer, Hayden Barber and Kirstin Dolick

37. Cognitive Biases and Debiasing in Intelligence Analysis
Ian K. Belton and Mandeep K. Dhami

Part 7 – Behavioral Policies: Nudging and Boosting

38. “Better Off, As Judged By Themselves”: Bounded Rationality and Nudging
Cass R. Sunstein

39. An Alternative Behavioural Public Policy
Adam Oliver

40. Against Nudging: Simon-inspired behavioral law and economics founded on ecological rationality 
Nathan Berg

41. Bounded Rationality in Political Science
Zachary A. McGee, Brooke N. Shannon and Bryan D. Jones

42. Layering, expanding and visualising: lessons learned from three “process boosts” in action
Ferretti Valentina

43. Cognitive and Affective Consequences of Information and Choice Overload
Elena Reutskaja, Sheena Iyengar, Barbara Fasolo and Raffaella Misuraca

44. How Much Choice is “Good Enough”? Moderators of Information and Choice Overload
Raffaella Misuraca, Elena Reutskaja, Barbara Fasolo and Sheena Iyengar
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Riccardo Viale is Full Professor of Cognitive Economics and Behavioural Sciences at the Department of Economics of the University of Milano-Bicocca, Italy. He is also founder and Secretary General of Herbert Simon Society.

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