Bounded Rationality, Cognitive Maps, and Trial and Error Learning

www.econstor.eu Bounded Rationality, Cognitive Maps, and Trial and Error Learning

Learning in the Chrest Cognitive Architecture

Definition CHREST (Chunk Hierarchy and REtrieval Structures) is a cognitive architecture that closely simulates learning and the acquisition of expertise <> in humans. The key features of CHREST include self-organization, an emphasis on bounded rationality <> (cognitive limitations), a close link between perception, lea...

Touch Screen Text Entry as Cognitively Bounded Rationality

Abstract: Typing on a smartphone is an everyday activity that involves various cognitive and behavioural processes. This paper models touch screen text entry as cognitively bounded rationality. The model aims to maximise error-free text throughput, while being constrained by its architecture and task environment. Empirical data are used to calibrate the model, which demonstrates adequate fit. T...

Rationality, perception, and the all-seeing eye

Seeing-perception and vision-is implicitly the fundamental building block of the literature on rationality and cognition. Herbert Simon and Daniel Kahneman's arguments against the omniscience of economic agents-and the concept of bounded rationality-depend critically on a particular view of the nature of perception and vision. We propose that this framework of rationality merely replaces econom...

3 When it Pays to be Neurotic or to Have Blind Spots : The Value of Understanding External and Internal Contingencies

Over the past half century, the Carnegie School’s view of organizations as boundedly rational actors has become a cornerstone of organization theory. An important consequence of bounded rationality is that organizations must engage in a process of search and learning in order to identify and evaluate suitable choices. Indeed, bounded rationality implies that this process is itself subject to co...