"I must record my judgment, which is at the present time [1955] very nearly the judgment of a minority of two, that the approach taken in the theory of games and in statistical decision theory to the problem of rational choice is fundamentally wrongheaded. It is wrong in precisely the same way that [neo]classical economic theory is wrong -- in assuming that rational choice is choice among objectively given alternatives with objectively given consequences that reflect accurately all the complexities of the real world. It is wrong, in short, in ignoring the principle of bounded rationality, in seeking to erect a theory of human choice on the unrealistic assumptions of virtual omniscience and unlimited computational power." -- SRPE-winner Herbert Simon. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
