Isis; an international review devoted to the history of science and its cultural influences
Sep 1, 2015
Even in its extended usage, the concept of bounded rationality bears the birthmark of its origins in economics. First and most obviously, it is about seeking the most efficient (not necessarily the best) means toward a given end, whether that is curi...
Isis; an international review devoted to the history of science and its cultural influences
Sep 1, 2015
This essay explores the early history of Herbert Simon's principle of bounded rationality in the context of his Artificial Intelligence research in the mid 1950s. It focuses in particular on how Simon and his colleagues at the RAND Corporation transl...