IDEAS home Printed from https://ideas.repec.org/a/spr/grdene/v10y2001i2d10.1023_a1008708222157.html
   My bibliography  Save this article

Unbounded Rationality

Author

Listed:
  • Melvin F. Shakun

    (New York University)

Abstract

The paper discusses bounded and unbounded rationality in purposeful complex adaptive systems (PCAS) modeled by the Evolutionary Systems Design (ESD) framework. Due to Herbert Simon, bounded rationality is the rationality of cognition. Unbounded rationality is the generalized rationality of connectedness represented mathematically, of spirituality, and of right decision/negotiation. Operational procedures for defining/solving and validating a problem in group decision and negotiation under unbounded rationality are discussed. With human PCAS as a focus, the paper more generally considers rationality in multiagent systems with natural and/or artificial agents.

Suggested Citation

  • Melvin F. Shakun, 2001. "Unbounded Rationality," Group Decision and Negotiation, Springer, vol. 10(2), pages 97-118, March.
    • Handle: RePEc:spr:grdene:v:10:y:2001:i:2:d:10.1023_a:1008708222157
    DOI: 10.1023/A:1008708222157
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1023/A:1008708222157
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1023/A:1008708222157?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
    2. Katia P. Sycara, 1991. "Problem Restructuring in Negotiation," Management Science, INFORMS, vol. 37(10), pages 1248-1268, October.
    3. Melvin F. Shakun, 1999. "Consciousness, Spirituality and Right Decision/Negotiation in Purposeful Complex Adaptive Systems," Group Decision and Negotiation, Springer, vol. 8(1), pages 1-15, January.
    4. Melvin F. Shakun, 1999. "An ESD Computer Culture for Intercultural Problem Solving and Negotiation," Group Decision and Negotiation, Springer, vol. 8(3), pages 237-249, May.
    5. Sycara, Katia P., 1990. "Negotiation planning: An AI approach," European Journal of Operational Research, Elsevier, vol. 46(2), pages 216-234, May.
    6. Herbert A. Simon, 1996. "The Sciences of the Artificial, 3rd Edition," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691914, December.
    7. Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
    8. Melvin F. Shakun, 1991. "Airline Buyout: Evolutionary Systems Design and Problem Restructuring in Group Decision and Negotiation," Management Science, INFORMS, vol. 37(10), pages 1291-1303, October.
    9. Bui, Tung X. & Jelassi, Tawfik M. & Shakun, Melvin F., 1990. "Group Decision and Negotiation Support Systems (GDNSS)," European Journal of Operational Research, Elsevier, vol. 46(2), pages 141-142, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Melvin F. Shakun, 2013. "The Connectedness Decision Paradigm: Group Decision, Negotiation and Leadership in World Problems," Group Decision and Negotiation, Springer, vol. 22(4), pages 599-615, July.
    2. Luke Houghton & Heather Stewart, 2017. "Using the ‘Engagement’ Model of Problem Solving to Assist Students in Capstone Learning," Systemic Practice and Action Research, Springer, vol. 30(5), pages 471-485, October.
    3. Dan Palmon & Ephraim F. Sudit, 2009. "Commercial Insurance of Financial Disclosure: Auditors’ Independence, and Investors’ Protection," Group Decision and Negotiation, Springer, vol. 18(1), pages 27-40, January.
    4. Josephine Gatti Schafer & Caleb T Gallemore, 2016. "Biases in multicriteria decision analysis: The case of environmental planning in Southern Nevada," Environment and Planning C, , vol. 34(8), pages 1652-1675, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Melvin F. Shakun, 2006. "ESD: A Formal Consciousness Model for International Negotiation," Group Decision and Negotiation, Springer, vol. 15(5), pages 491-510, September.
    2. Melvin F. Shakun, 2003. "Right Problem Solving: Doing the Right Thing Right," Group Decision and Negotiation, Springer, vol. 12(6), pages 463-476, November.
    3. Melvin F. Shakun, 2009. "Connectedness Problem Solving and Negotiation," Group Decision and Negotiation, Springer, vol. 18(2), pages 89-117, March.
    4. David Stadelmann & Benno Torgler, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," Working Papers 2012.70, Fondazione Eni Enrico Mattei.
    5. Castellani, Marco & Di Giovinazzo, Viviana & Novarese, Marco, 2010. "Procedural rationality and happiness," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(3), pages 376-383, June.
    6. Ludovic Ragni, 2012. "What Vilfredo Pareto Brought to the Economics of Knowledge," Chapters, in: Richard Arena & Agnès Festré & Nathalie Lazaric (ed.), Handbook of Knowledge and Economics, chapter 2, Edward Elgar Publishing.
    7. Clyde Holsapple & Hsiangchu Lai & Andrew Whinston, 1997. "Implications of Negotiation Theory for Research and Development of Negotiation Support Systems," Group Decision and Negotiation, Springer, vol. 6(3), pages 255-274, May.
    8. David Stadelmann & Benno Torgler, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," Working Papers 2012.70, Fondazione Eni Enrico Mattei.
    9. Melvin F. Shakun, 1999. "Consciousness, Spirituality and Right Decision/Negotiation in Purposeful Complex Adaptive Systems," Group Decision and Negotiation, Springer, vol. 8(1), pages 1-15, January.
    10. Melvin F. Shakun, 2006. "Spiritual Rationality: Integrating Faith-Based and Secular-Based Problem Solving and Negotiation as Systems Design for Right Action," Group Decision and Negotiation, Springer, vol. 15(1), pages 1-19, January.
    11. Matsatsinis, Nikolaos F. & Samaras, Andreas P., 2001. "MCDA and preference disaggregation in group decision support systems," European Journal of Operational Research, Elsevier, vol. 130(2), pages 414-429, April.
    12. Schilling, Melissa A. & Green, Elad, 2011. "Recombinant search and breakthrough idea generation: An analysis of high impact papers in the social sciences," Research Policy, Elsevier, vol. 40(10), pages 1321-1331.
    13. Stea, Diego & Foss, Nicolai J. & Christensen, Peter Holdt, 2015. "Physical separation in the workplace: Separation cues, separation awareness, and employee motivation," European Management Journal, Elsevier, vol. 33(6), pages 462-471.
    14. Hosseini, Hamid, 2003. "The arrival of behavioral economics: from Michigan, or the Carnegie School in the 1950s and the early 1960s?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(4), pages 391-409, September.
    15. Augier, Mie & March, James G., 2002. "A model scholar: Herbert A. Simon (1916-2001)," Journal of Economic Behavior & Organization, Elsevier, vol. 49(1), pages 1-17, September.
    16. Grove, Nico & Baumann, Oliver, 2011. "Bitpipe vs. service: Why do pure service providers outperform fully integrated operators?," 8th ITS Asia-Pacific Regional Conference, Taipei 2011: Convergence in the Digital Age 52308, International Telecommunications Society (ITS).
    17. Moshe Farjoun & Christopher Ansell & Arjen Boin, 2015. "PERSPECTIVE—Pragmatism in Organization Studies: Meeting the Challenges of a Dynamic and Complex World," Organization Science, INFORMS, vol. 26(6), pages 1787-1804, December.
    18. Stephen L. Vargo & Robert F. Lusch, 2016. "Institutions and axioms: an extension and update of service-dominant logic," Journal of the Academy of Marketing Science, Springer, vol. 44(1), pages 5-23, January.
    19. Devetag, Giovanna & Warglien, Massimo, 2003. "Games and phone numbers: Do short-term memory bounds affect strategic behavior?," Journal of Economic Psychology, Elsevier, vol. 24(2), pages 189-202, April.
    20. Brendan Markey-Towler, 2018. "A formal psychological theory for evolutionary economics," Journal of Evolutionary Economics, Springer, vol. 28(4), pages 691-725, September.

    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:spr:grdene:v:10:y:2001:i:2:d:10.1023_a:1008708222157. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.