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Extending the Bounded Rationality Model: The Distributed Cognition Approach

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Author Info
Secchi Davide () (Department of Economics, University of Insubria, Italy)
Bardone Emanuele () (Department of Philosophy, Computational Philosophy Laboratory, University of Pavia)

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Abstract

The way Simon, and the major part of the scholars, presented and used bounded rationality directly refers to human computational capabilities (or “brute-force”). Despite its broad powers of explanation, some problems arise when taking into account the way the human cognitive system really works. In order to avoid these problems, we present an alternative model of rationality, where computation plays only a part, together with the implemented role of external resources, emotional and other non-strictly-rational variables.

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File URL: http://eco.uninsubria.it/dipeco/Quaderni/files/QF2005_9.pdf
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Publisher Info
Paper provided by Department of Economics, University of Insubria in its series Economics and Quantitative Methods with number qf0506.

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Length: 28 pages
Date of creation: Sep 2005
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Handle: RePEc:ins:quaeco:qf0506

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Related research
Keywords: bounded rationality; distributed cognition; external resources; decision-making; problem solving; emotions;

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  1. Secchi Davide, 2005. "Altruism and Selfish Behavior. The Docility Model Revisited," Economics and Quantitative Methods qf0505, Department of Economics, University of Insubria. [Downloadable!]
  2. Magnani Lorenzo & Bardone Emanuele & Secchi Davide, 2006. "Docility and “through doing” morality: An alternative approach to ethics," Economics and Quantitative Methods qf0607, Department of Economics, University of Insubria. [Downloadable!]
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This page was last updated on 2009-10-31.


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