Explainable AI and Bounded Rationality

Artificial Intelligence has made a triumphal  entrance in all corners of our everyday life. Does AI always recommend optimization? This is one of the fallacies we tend to commit..the truth is more subtle. The talk by Shefrin opens our eyes on the interplay between  Artificial Intelligence and Herbert Simon’s conceptions. Heuristics are not just “for the mind” but for thinking systems as well, and for machines that learn..

This talk presents a unified perspective on Bounded Rationality and the Heursitics and Biases programm highlighting commonalities and consequences.

link to pdf of presentation: paper

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