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Tuesday, May 24, 2022

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Explainable AI as a tool for risk managers – Hersh Shefrin
Explainable AI and Bounded Rationality
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A good venue for contributions on “Embodied Bounded Rationality”
Why do people fear the wrong things? – Gerd Gigerenzer

Bounded Rationality and Education

Herbert Simon Society
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Links between Bounded Rationality and Education have been particularly strong during the last decades. Indeed, the Enlightenment view of rational human minds reasoning, making decisions and solving problems based on logic and probabilities, was shaken during the second half of the twentieth century. Cognitive psychologists and economists discovered that humans'thoughts and actions often deviate from rules imposed by strict normative theories of inference.

These discoveries have an impact on Education. So called "errors", a fundamental phenomenon in education, should be analysed from this perspective: as the results on Bounded Rationality have demonstrated, many deviations may be either valid heuristics that succeed in the environments in which humans have evolved, or biases that are caused by a lack of adaptation to abstract information formats. Humans, as the cognitive psychologist and economist Herbert Simon claimed, do not usually optimize, but rather satisfice, even when solving problem.