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