218 Pages
by Routledge

218 Pages 5 B/W Illustrations
by Routledge

218 Pages 5 B/W Illustrations
by Routledge

Herbert Simon (1916-2001) is mostly celebrated for the theory of bounded rationality and satisficing. This book of essays on Models of Simon tackles these topics that the he broached in a professional career spanning more than 60 years. Expository material on the fundamental concepts he introduced are re-interpreted in terms of the theory of computability. This volume frames the... Read more



1. Introduction, 2. Herbert Simon: a life, 3. Classical - or Cognitive - Behavioural Economics (CBE) versus Modern Behavioural Economics (MBE), 4. The zeitgeist: cybernetics, servomechanisms, information, communication and computation, 5. Heuristics versus algorithms, 6. Computable and computational complexity theoretic bases for cognitive behavioural economics, 7. Notes on hierarchic, near-decomposable, causal, evolutionary dynamics: The Architecture of Complexity, 8. Gandy's Mechanisms Modelling the Rationality of Organizations by March & Simon, 9. Towards a Classical Behavioural Finance Theory, 10. Intuitionistic foundations for economic theory: a Brouwer-Simon research programme, 11. A crooked path along The Gravel Walks. Appendices. Index

Biography

Kumaraswamy Vela Velupillai is a retired Emeritus Professor, living in Stockholm, Sweden. He was, formerly the John E. Cairnes Professor of Economics at NUI Galway, Ireland, a Professore di Chiara Fama in the department of economics at the University of Trento, Italy – from both tenured posts he opted for early retirement. He was, for a very short period, also (a non-tenured) Distinguished Professor of Economics at NSSR, in New York.