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  1. The information inelasticity of habits: Kahneman’s bounded rationality or Simon’s procedural rationality?Elias L. Khalil - 2022 - Synthese 200 (4):1-40.
    Why would decision makers adopt heuristics, priors, or in short “habits” that prevent them from optimally using pertinent information—even when such information is freely-available? One answer, Herbert Simon’s “procedural rationality” regards the question invalid: DMs do not, and in fact cannot, process information in an optimal fashion. For Simon, habits are the primitives, where humans are ready to replace them only when they no longer sustain a pregiven “satisficing” goal. An alternative answer, Daniel Kahneman’s “mental economy” regards the question valid: (...)
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  • On the Recent Philosophy of Decision Theory.Ivan Moscati - 2020 - Journal of Economic Methodology 28 (1):98-106.
    In the philosophy of economics, the last fifteen years have witnessed an intense discussion about the epistemological status of economic models of decision making and their theoretical components,...
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  • From Libertarian Paternalism to Nudging—and Beyond.Adrien Barton & Till Grüne-Yanoff - 2015 - Review of Philosophy and Psychology 6 (3):341-359.
  • Two Types of Ecological Rationality: Or How to Best Combine Psychology and Economics.Erwin Dekker & Blaž Remic - 2018 - Journal of Economic Methodology 26 (4):291-306.
    ABSTRACTThis paper argues that the notion of ‘ecological rationality’ as used in economics has two rival meanings. The first type of ecological rationality as used by Gerd Gigere...
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  • A Cognition Paradigm Clash: Simon, Situated Cognition and the Interpretation of Bounded Rationality.Enrico Petracca - 2017 - Journal of Economic Methodology 24 (1):20-40.
    Simon’s notion of bounded rationality is deeply intertwined with his activity as a cognitive psychologist and founder of so-called cognitivism, a mainstream approach in cognitive psychology until the 1980s. Cognitivism, understood as ‘symbolic information processing,’ provided the first cognitive psychology foundation to bounded rationality. Has bounded rationality since then fully followed the development of cognitive psychology beyond symbolic information processing in the post-Simonian era? To answer this question, this paper focuses on Simon’s opposition during the 1990s to a new view (...)
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