organized as: historical research on statistics => criticism on Kahneman and Tversky => the bounded rationality research program …. In turn, these attacks functioned as the driving force behind the development of the bounded rationality research program …. Behind the debate, it is argued, lies a fundamental different idea of how human decision-making is to be understood and …

This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own …’s research is how human beings organize themselves in different structures of distributed decision making in order to achieve a … degree of rationality that is higher than which can be attained by the individual. In this realm his main preoccupation are …

heterogeneity of committee members, this voting rule is suboptimal in terms of the quality of the interest rate decision, but …

This paper is concerned with the role of committees in collective decision-makingprocesses in a world where agents must … be motivated to collect information. Committees improvethe quality of decision-making by providing information and by … preferences of the committeemembers should be aligned to those of the decision maker. Members with similar preferences asthe …

The paper studies information processing imperfections in a fully rational decision-making network. It is shown that … as a rational foundation for bounded rationality. …

This essay links some of my own work on expectations, learning and bounded rationality to the inspiring ideas of Jean …