IDEAS home Printed from https://ideas.repec.org/a/cup/ecnphi/v16y2000i01p117-138_00.html
   My bibliography  Save this article

Foundations of procedural rationality: cognitive limits and decision processes

Author

Listed:
  • Laville, Frederic

Abstract

Many criticisms have been made of optimization theory (Laville, 1999a). These objections may be explained by the fact that human rationality is bounded – that decisions are constrained by cognitive limitations (Simon, 1982). In the present paper, I will show that if rationality is bounded, then we must study the processes of decision. My thesis is that cognitive limitations lead to procedural rationality. Although this assertion has already been sustained implicitly by Simon (1959) and explicitly by Mongin (1986), it has not been argued in sufficient depth.

Suggested Citation

  • Laville, Frederic, 2000. "Foundations of procedural rationality: cognitive limits and decision processes," Economics and Philosophy, Cambridge University Press, vol. 16(1), pages 117-138, April.
    • Handle: RePEc:cup:ecnphi:v:16:y:2000:i:01:p:117-138_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S026626710000016X/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jacques Sapir, 2022. "Is Economic Planning Our Future?," Studies on Russian Economic Development, Springer, vol. 33(6), pages 583-597, December.
    2. Berg, Nathan, 2014. "Success from satisficing and imitation: Entrepreneurs' location choice and implications of heuristics for local economic development," Journal of Business Research, Elsevier, vol. 67(8), pages 1700-1709.
    3. Anthony Endres & Christine Woods, 2010. "Schumpeter’s ‘conduct model of the dynamic entrepreneur’: scope and distinctiveness," Journal of Evolutionary Economics, Springer, vol. 20(4), pages 583-607, August.
    4. Jitske van Popering-Verkerk & Arwin van Buuren, 2016. "Decision-Making Patterns in Multilevel Governance: The contribution of informal and procedural interactions to significant multilevel decisions," Public Management Review, Taylor & Francis Journals, vol. 18(7), pages 951-971, August.
    5. Collentine, Dennis & Larsson, Martin & Hannerz, Nils, 2004. "Exploiting decision heuristics and IT in the design of a DSS for voluntary agri-environmental programs," Ecological Economics, Elsevier, vol. 49(3), pages 303-315, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:ecnphi:v:16:y:2000:i:01:p:117-138_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/eap .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.