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. (shrink)

Most speakers experience unclarity about the application of predicates like tall and red to liminal cases. We formulate alternative psychological hypotheses about the nature of this unclarity, and report experiments that provide a partial test of them. A psychologized version of the ‘vagueness-as-ignorance’ theory is then advanced and defended.

The libertarian attribute of Thaler and Sunstein’s nudge theory is one of the most important features for its candidature as a new model for public policy-making. It relies on the reversibility of choices made under the influence of nudging. Since the mind is articulated into two systems, the choice taken by System 1 is always reversible because it can be overridden by the deliberative and corrective role of System 2. This article does not aim to criticise the whole theory of (...) nudge and neither to assess its practical efficacy as a policy-making tool. Rather it intends to show that there are doubts that the specific claim of reversibility is correct for a subset of nudges called “System 1 nudges”. And that therefore, in this case, the libertarian claim seems little justified. The thrust of my argument contests the truth of the main pillar of the libertarian claim, namely the dual-process theory of mind. I will show that even the minimal version of dual reasoning, namely the Type 1 and Type 2 processes proposed by Evans and Stanovich :223–241, 2013), is weakened by psychological and neural data. (shrink)

The article aims to demonstrate that the nudge theory suffers from three main weaknesses stemming from its theoretical dependence on behavioural economics. The first two weaknesses endanger the paternalistic goal, whereas the third does not justify the libertarian attribute. The first weakness lies in the incomplete realistic characterisation of behavioural economics theory that is the central theoretical pillar of Nudge theory. The second weakness is even more relevant. The normative model of behavioural economics is neoclassical rationality. It can be applied (...) to choices in conditions of risk, when it is possible to forecast the probability of the outcomes of one’s choices. On the contrary the real life problems are inside a complex and uncertain environment. In an uncertain environment the neoclassical algorithms are no longer valid, in that they postulate the knowledge of the probability of the outputs. Thus errors and bias, as observed in behavioural economics, are not such in many instances, but they are instead adaptive and therefore rational responses to the context of decision-making. Therefore nudge theory that pursues the normative paternalistic objective of neutralising the bias and judgement errors discovered by behavioural economics and putting paternalistically the citizen on the right track, is in fact proceeding in the wrong direction. The last weakness concerns an assumption of Nudge theory about the duality of mind. System 1 represents the intuitive mind, while System 2 corresponds to the analytical one. System 1 tends to make decisions quickly and unconsciously, while System 2 follows a slow and conscious process. Biases and judgement errors are mainly generated by System 1. However, System 2 may later intervene to correct them. From this premise, the Nudge theory affirms its libertarian character. In this paper I will argue that the dualism of the mind would not entail the reversibility of some nudges, particularly of default states. In this way the fundamental pillar is weakened to justify the libertarian character of the nudge theory. (shrink)

The brief article deals with the following questions: Was the adaptive toolbox of heuristics ecologically rational and specifically accurate in the initial stages of COVID-19, which was characterized by epistemic uncertainty? In other words, in dealing with COVID-19 did the environmental structural variables allow the success of a given heuristic strategy?

This is an excerpt from the contentThere has been increasing interest in recent years in dual process theories of human thought. This special issue of Mind and Society reflects this interest, some criticisms of these theories, and the major topics that have been discussed and debated as a result. There is the basic topic of how the postulated dual processes should be defined in the first place. Do these processes have essential defining features that can be distinguished from less central (...) correlates? Can decoupling, metarepresentation, or working memory be used for making the essential distinction?There are questions about how these dual processes work and interact. What do dual process theories tell us about different modes of thought and insight in problem solving? One topic that could throw light on these questions is creative thinking. It deals with novelties and yet can be rule following. It can be an aspect of hypothetical thinking, but how far it is a conscious or unconscious process is still unknown. There is th. (shrink)

The remarkable transition from helpless infant to sophisticatedfive-year-old has long captured the attention of scholars interested inthe discovery of knowledge. To explain these achievements, developmentalpsychologists often compare children's discovery procedures to those ofprofessional scientists. For the child to be qualified as a ``littlescientist'', however, intellectual development must be shown to derivefrom rational hypothesis selection in the face of evidence. In thepresent paper we focus on one dimension of rational theory-choice,namely, the relation between hypothesis confirmation and evidencediversity. Psychological research suggests cultural (...) variability inappreciating evidence diversity and lack of such appreciation by youngchildren. Before reaching conclusions about the ``little scientist''thesis, however, it is essential to normatively analyze the diversityissue. We undertake such an analysis within a Bayesianperspective. (shrink)

Recent research on “causal cognition” in adults and infants shows that we can perceive singular causal relations not previously experienced. In particular, infants that are able to perceive causality seem to rely on innate beliefs and principles that allow a priori inference of a connection between cause and effect. Can causal cognition in infants justify the thesis of causal realism? On the one hand, it weakens the central pillar of the Humean arguments: the impossibility of a synthetic a priori causal (...) inference. On the other hand, if perception is the privileged way of justifying the reality of objects of the external world, that is valid in the case of causal relations as well. Moreover, the perception of causal relations, based on innate principles and beliefs, reflects the selective results of the interaction between the real constraints of the physical structure of the world and the evolution of the human mind. (shrink)

The remarkable transition from helpless infant to sophisticatedfive-year-old has long captured the attention of scholars interested inthe discovery of knowledge. To explain these achievements, developmentalpsychologists often compare children's discovery procedures to those ofprofessional scientists. For the child to be qualified as a ``littlescientist'', however, intellectual development must be shown to derivefrom rational hypothesis selection in the face of evidence. In thepresent paper we focus on one dimension of rational theory-choice,namely, the relation between hypothesis confirmation and evidencediversity. Psychological research suggests cultural (...) variability inappreciating evidence diversity and lack of such appreciation by youngchildren. Before reaching conclusions about the ``little scientist''thesis, however, it is essential to normatively analyze the diversityissue. We undertake such an analysis within a Bayesianperspective. (shrink)

Biological and Cultural Bases of Human Inference addresses the interface between social science and cognitive science. In this volume, Viale and colleagues explore which human social cognitive powers evolve naturally and which are influenced by culture. Updating the debate between innatism and culturalism regarding human cognitive abilities, this book represents a much-needed articulation of these diverse bases of cognition. Chapters throughout the book provide social science and philosophical reflections, in addition to the perspective of evolutionary theory and the central assumptions (...) of cognitive science. The overall approach of the text is based on three complementary levels: adult performance, cognitive development, and cultural history and prehistory. Scholars from several disciplines contribute to this volume, including researchers in cognitive, developmental, social and evolutionary psychology, neuropsychology, cognitive anthropology, epistemology, and philosophy of mind. This contemporary, important collection appeals to researchers in the fields of cognitive, social, developmental, and evolutionary psychology and will prove valuable to researchers in the decision sciences. (shrink)

The mind-society problem deals with the relations between mental and social phenomena. The problem is crucial in the main methodologies of social sciences. The thesis of hermeneutics is that we can only understand but not explain the relationship between beliefs and social action because mental and social events are not natural events. The thesis of social holism is that social phenomena are emergent and irreducible to mental phenomena. The thesis of rational choice theory is that social phenomena are reducible to (...) mental phenomena and this reduction is explained by unrealistic a priori principles of rationality. These theses depend on their different solutions to the following fundamental philosophical issues: the mind-body identity; the causal nature of social explanation; the realistic goal of science. A positive answer to these issues implies support of a different solution to the mind-society problem: social phenomena are conventional concepts and they can be reduced and explained in terms of realistic concepts describing the causal mechanisms of individual reasoning and decision-making. Cognitive psychology seems to supply us some initial tentative models to explain social action, but research into neuropsychology might be able to generate the proper causal representations of the relation between mind and action. (shrink)

From April 8th to 10th 2013, the Herbert Simon Society held its first General Conference in New York. About fifty researchers from different countries and working in different areas attended the event. The conference focused on three topics which were identified as particularly relevant in the development of Simonian thought: duality of mind, creativity and alternative theories to rational expectations. A first Herbert Simon Honorary Lecture by Gerd Gigerenzer opened the conference. Gerg Gigerenzer was later elected as Chairman of the (...) Herbert Simon Society. Joseph Stiglitz closed the conference with the second Herbert Simon Honorary Lecture.The Herbert A. Simon Society brings together economists, social and cognitive scientists engaged in critical issues such as bounded rationality, problem solving, simulation of human thought and creativity. In particular, it gathers some of the most important economists who try to reformulate economic theory by starting from some of the non-neoclassi. (shrink)

This is an excerpt from the contentThe reasons that drive individuals to develop new technologies and to disseminate them in new products and processes, and the capacity to develop original solutions to technological problems, can be analysed with the concepts typical of individual and social cognitive psychology. Various aspects of cognitive activity address innovation. In particular, the capacity to grasp the latent questions and needs of the market that lies behind the possibility to identify opportunities for new products or services; (...) the means of generating solutions that can respond effectively to the realisation of these new opportunities; problem solving processes in the identification of new procedures that underpin process inventions and new manufacturing techniques; the risk of innovative behaviour and the contexts that can favour a greater or lesser propensity to develop innovative solutions. The best historical example of the two stages of the identification of the problem/opportunity and the generation of. (shrink)

Homo sociologicus and homo oeconomicus are, for different reasons, unsatisfactory models for the social sciences. A third model, called “rational model in the broad sense”, seems better endowed to cope with the many different expressions of rationality of the social agent. Some contributions by Weber, Durkheim and Marx are early examples of the application of this model of social explanation based on good subjective reasons. According to this model and to the evidence of cognitive anthropology, it is possible to reconcile (...) primitive thinking with the inferential principles of Western people. Lastly, cognitive psychology can contribute to the discovery of generalizations of reason-based choices that can strengthen the explanatory power of “rational model in the broad sense”. (shrink)

This study aims at identifying the tools necessary for COVID-19 health emergency management, with particular reference to the period following the first lockdown, a crucial phase in which it was important to favor the maintenance of protective behaviors. It also aims at identifying the messages and sources that were most effective in managing communication correctly in such a crucial phase that is likely characterized by a fall in perceived health risk and a simultaneous rise in perceived economic and social risks. (...) Knowing what source will be most effective to convey a specific message is fundamental in enabling individuals to focus on and comply with the rules. At the same time, it is necessary to understand how the message should be presented, and the relationships between messages, sources and targets. To meet these goals, data were collected through a self-administered online questionnaire submitted to a sample of undergraduate students from a University in Lombardy–the region most affected by the pandemic in the first wave-, and to a national sample composed of Italian citizens. Through our first manipulation which explored the effectiveness of social norms in relation to different sources, we found that, in the national sample, the injunctive norm conveyed by the government was the most effective in promoting behavioral intentions. By contrast, among the students, results showed that for the critical group with a lower risk perception descriptive norms, which implicitly convey the risk perception of peers, were as effective as the government injunctive norm. Our second manipulation, identical in Study 1 and 2, compared four types of communication. The neutral condition was the most memorable, but no condition was more effective than the others. Across all message types there was a high intention to adopt protective behaviors. The results indicate possible applicative implications of the adopted communicative tools. (shrink)