Extendable Rationality
Extendable Rationality

Author: Davide Secchi

Publisher: Springer Science & Business Media

Published: 2010-10-20

Total Pages: 166

ISBN-13: 144197542X

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“How do people make decisions in organizations?” is the question at the core of this book. Do people act rationally? Under what conditions can information and knowledge be shared to improve decision making? Davide Secchi applies concepts and theories from cognitive science, organizational behavior, and social psychology to explore the dynamics of decision making. In particular, he integrates “bounded rationality” (people are only partly rational; they have (a) limited computational capabilities and (b) limited access to information) and “distributed cognition” (knowledge is not confined to an individual, but is distributed across the members of a group) to build upon the pioneering work of Herbert Simon (1916-2001) on rational decision making and contribute fresh insights. This book is divided into two parts. The first part (Chapters 2 to 5) explores how recent studies on biases, prospect theory, heuristics, and emotions provide the so-called “map” of bounded rationality. The second part (Chapter 6 to 8) presents the idea of extendable rationality. In this section, Secchi identifies the limitations of bounded rationality and focuses more heavily on socially-based decision processes and the role of “docility” in teaching, managing, and executing decisions in organizations. The practical implications extend broadly to issues relating to change and innovation, as organizations adapt to evolving market conditions, implementing new systems, and effectively managing limited resources. The final chapter outlines an agenda for future research to help understand the decision making characteristics and capabilities of an organization.

Routledge Handbook of Bounded Rationality
Routledge Handbook of Bounded Rationality

Author: Riccardo Viale

Publisher: Routledge

Published: 2020-12-02

Total Pages: 681

ISBN-13: 1317330803

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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.

Extending Mechanics to Minds
Extending Mechanics to Minds

Author: Jon Doyle

Publisher: Cambridge University Press

Published: 2006-05-22

Total Pages: 425

ISBN-13: 113945515X

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This book deploys the mathematical axioms of modern rational mechanics to understand minds as mechanical systems that exhibit actual, not metaphorical, forces, inertia, and motion. Using precise mental models developed in artificial intelligence the author analyzes motivation, attention, reasoning, learning, and communication in mechanical terms. These analyses provide psychology and economics with new characterizations of bounded rationality; provide mechanics with new types of materials exhibiting the constitutive kinematic and dynamic properties characteristic of different kinds of minds; and provide philosophy with a rigorous theory of hybrid systems combining discrete and continuous mechanical quantities. The resulting mechanical reintegration of the physical sciences that characterize human bodies and the mental sciences that characterize human minds opens traditional philosophical and modern computational questions to new paths of technical analysis.

Rationality of Varieties
Rationality of Varieties

Author: Gavril Farkas

Publisher: Springer Nature

Published: 2021-10-19

Total Pages: 433

ISBN-13: 3030754219

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This book provides an overview of the latest progress on rationality questions in algebraic geometry. It discusses new developments such as universal triviality of the Chow group of zero cycles, various aspects of stable birationality, cubic and Fano fourfolds, rationality of moduli spaces and birational invariants of group actions on varieties, contributed by the foremost experts in their fields. The question of whether an algebraic variety can be parametrized by rational functions of as many variables as its dimension has a long history and played an important role in the history of algebraic geometry. Recent developments in algebraic geometry have made this question again a focal point of research and formed the impetus to organize a conference in the series of conferences on the island of Schiermonnikoog. The book follows in the tradition of earlier volumes, which originated from conferences on the islands Texel and Schiermonnikoog.

Rationality in Action
Rationality in Action

Author: John R. Searle

Publisher: MIT Press

Published: 2003-01-24

Total Pages: 324

ISBN-13: 9780262250610

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The study of rationality and practical reason, or rationality in action, has been central to Western intellectual culture. In this invigorating book, John Searle lays out six claims of what he calls the Classical Model of rationality and shows why they are false. He then presents an alternative theory of the role of rationality in thought and action. A central point of Searle's theory is that only irrational actions are directly caused by beliefs and desires—for example, the actions of a person in the grip of an obsession or addiction. In most cases of rational action, there is a gap between the motivating desire and the actual decision making. The traditional name for this gap is "freedom of the will." According to Searle, all rational activity presupposes free will. For rationality is possible only where one has a choice among various rational as well as irrational options. Unlike many philosophical tracts, Rationality in Action invites the reader to apply the author's ideas to everyday life. Searle shows, for example, that contrary to the traditional philosophical view, weakness of will is very common. He also points out the absurdity of the claim that rational decision making always starts from a consistent set of desires. Rational decision making, he argues, is often about choosing between conflicting reasons for action. In fact, humans are distinguished by their ability to be rationally motivated by desire-independent reasons for action. Extending his theory of rationality to the self, Searle shows how rational deliberation presupposes an irreducible notion of the self. He also reveals the idea of free will to be essentially a thesis of how the brain works.

Collective Rationality
Collective Rationality

Author: Paul Weirich

Publisher: OUP USA

Published: 2010

Total Pages: 283

ISBN-13: 0195388380

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Groups of people perform acts that are subject to standards of rationality. The book's theory of collective rationality explains how to evaluate collective acts. The people engaged in a game of strategy collectively produce an outcome, and the theory reveals what makes some outcomes solutions. It generates new equilibrium standards for solutions to cooperative games.

Bounded Rationality and Policy Diffusion
Bounded Rationality and Policy Diffusion

Author: Kurt Weyland

Publisher: Princeton University Press

Published: 2009-02-09

Total Pages: 313

ISBN-13: 1400828066

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Why do very different countries often emulate the same policy model? Two years after Ronald Reagan's income-tax simplification of 1986, Brazil adopted a similar reform even though it threatened to exacerbate income disparity and jeopardize state revenues. And Chile's pension privatization of the early 1980s has spread throughout Latin America and beyond even though many poor countries that have privatized their social security systems, including Bolivia and El Salvador, lack some of the preconditions necessary to do so successfully. In a major step beyond conventional rational-choice accounts of policy decision-making, this book demonstrates that bounded--not full--rationality drives the spread of innovations across countries. When seeking solutions to domestic problems, decision-makers often consider foreign models, sometimes promoted by development institutions like the World Bank. But, as Kurt Weyland argues, policymakers apply inferential shortcuts at the risk of distortions and biases. Through an in-depth analysis of pension and health reform in Bolivia, Brazil, Costa Rica, El Salvador, and Peru, Weyland demonstrates that decision-makers are captivated by neat, bold, cognitively available models. And rather than thoroughly assessing the costs and benefits of external models, they draw excessively firm conclusions from limited data and overextrapolate from spurts of success or failure. Indications of initial success can thus trigger an upsurge of policy diffusion.

Extended Rationality
Extended Rationality

Author: A. Coliva

Publisher: Springer

Published: 2015-04-15

Total Pages: 233

ISBN-13: 1137501898

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Extended Rationality provides a novel account of the structure of epistemic justification. Its central claim builds upon Wittgenstein's idea that epistemic justifications hinge on some basic assumptions and that epistemic rationality extends to these very hinges. It exploits these ideas to address problems such as scepticism and relativism.

The Social Construction of Rationality
The Social Construction of Rationality

Author: Onno Bouwmeester

Publisher: Routledge

Published: 2017-03-16

Total Pages: 325

ISBN-13: 1317530756

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There are many different forms of rationality. In current economic discourse the main focus is on instrumental rationality and optimizing, while organization scholars, behavioural economists and policy scientists focus more on bounded rationality and satisficing. The interplay with value rationality or expressive rationality is mainly discussed in philosophy and sociology, but never in an empirical way. This book shows that not one, but three different forms of rationality (subjective, social and instrumental) determine the final outcomes of strategic decisions executed by major organizations. Based on an argumentation analysis of six high-profile public debates, this book adds nuance to the concept of bounded rationality. The chapters show how it is socially constructed, and thus dependent on shared beliefs or knowledge, institutional context and personal interests. Three double case studies investigating the three rationalities illustrate how decision makers and stakeholders discuss the appropriateness of these rationalities for making decisions in different practice contexts. The first touches more on personal concerns, like wearing a niqab or looking at obscene art exposed in a public environment; the second investigates debates on improving the rights and position of specific minorities; and the third is based on the agreement on instrumental reasons for two kinds of investments, but the cost arguments are regarded less relevant when social norms or personal interests are violated. The Social Construction of Rationality is for those who study political economy, economic psychology and public policy, as well as economic theory and philosophy.