This week's second post introduces five characteristics of #boundedRationality and contrasts it with a received Standard Picture of #rationality.

"I suggest that we should sometimes blame the #theory." –David Thorstad, author Inquiry Under Bounds (#OUP 2024), an #openAccess book

https://philosophyofbrains.com/2024/07/02/inquiry-under-bounds-part-2-rationality-at-the-crossroads.aspx

#epistemology #cognitiveScience #decisionScience #history #economics #behavioralEconomics #psychology #HerbSimon #EdwardStein #science #philosophyOfScience #philosophy #pragmatism #positivism