Extending the Bounded Rationality Model: The Distributed Cognition Approach

Davide Secchi and Bardone Emanuele ()
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Bardone Emanuele: Department of Philosophy, Computational Philosophy Laboratory, University of Pavia

Economics and Quantitative Methods from Department of Economics, University of Insubria

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.

Keywords: bounded rationality; distributed cognition; external resources; decision-making; problem solving; emotions (search for similar items in EconPapers)
Pages: 28 pages
Date: 2005-09
New Economics Papers: this item is included in nep-cbe
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Citations: View citations in EconPapers (2)

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