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The Legacy Of Herbert Simon In Economic Analysis
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Book Synopsis The Legacy of Herbert Simon in Economic Analysis by : Peter E. Earl
Download or read book The Legacy of Herbert Simon in Economic Analysis written by Peter E. Earl and published by . This book was released on 2001 with total page 634 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Models of a Man written by Mie Augier and published by MIT Press. This book was released on 2022-11-01 with total page 582 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essays that pay tribute to the wide-ranging influence of the late Herbert Simon, by friends and colleagues. Herbert Simon (1916-2001), in the course of a long and distinguished career in the social and behavioral sciences, made lasting contributions to many disciplines, including economics, psychology, computer science, and artificial intelligence. In 1978 he was awarded the Nobel Prize in economics for his research into the decision-making process within economic organizations. His well-known book The Sciences of the Artificial addresses the implications of the decision-making and problem-solving processes for the social sciences. This book (the title is a variation on the title of Simon's autobiography, Models of My Life) is a collection of short essays, all original, by colleagues from many fields who felt Simon's influence and mourn his loss. Mixing reminiscence and analysis, the book represents "a small acknowledgment of a large debt." Each of the more than forty contributors was asked to write about the one work by Simon that he or she had found most influential. The editors then grouped the essays into four sections: "Modeling Man," "Organizations and Administration," "Modeling Systems," and "Minds and Machines." The contributors include such prominent figures as Kenneth Arrow, William Baumol, William Cooper, Gerd Gigerenzer, Daniel Kahneman, David Klahr, Franco Modigliani, Paul Samuelson, and Vernon Smith. Although they consider topics as disparate as "Is Bounded Rationality Unboundedly Rational?" and "Personal Recollections from 15 Years of Monthly Meetings," each essay is a testament to the legacy of Herbert Simon—to see the unity rather than the divergences among disciplines.
Book Synopsis Decision-Making Support Systems: Achievements and Challenges for the New Decade by : Mora, Manuel
Download or read book Decision-Making Support Systems: Achievements and Challenges for the New Decade written by Mora, Manuel and published by IGI Global. This book was released on 2002-07-01 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation The book presents state-of-the-art knowledge about decision-making support systems (DMSS). Its main goals are to provide a compendium of quality chapters on decision-making support systems that help diffuse scarce knowledge about effective methods and strategies for successfully designing, developing, implementing, and evaluating decision-making support systems, and to create an awareness among readers about the relevance of decision-making support systems in the current complex and dynamic management environment.
Book Synopsis The Legacy of Herbert Simon in Economic Analysis by : Peter E. Earl
Download or read book The Legacy of Herbert Simon in Economic Analysis written by Peter E. Earl and published by Edward Elgar Publishing. This book was released on 2001 with total page 600 pages. Available in PDF, EPUB and Kindle. Book excerpt: Herbert A. Simon has been a leading contributor to cognitive psychology, computer science, public administration, philosophy and statistics, and is the winner of the 1978 Nobel Memorial Prize in economics. As this collection demonstrates, his impact on economics has been felt in areas as diverse as the theory of the firm and economic organization, consumer behaviour, law and economics, and environmental economics. Central to his work is the notion of bounded rationality - the mismatch between human decision-making capacities and the scale of the decision problems that people face, which results in satisficing rather than optimizing behaviour - and his belief that economic research should start from the study of actual behaviour rather than being based on convenient but unrealistic assumptions. Peter Earl's choice of articles shows both the kind of economics that emerges when Simon's philosophy is followed comprehensively, and what happens when neo-classical economists partially adopt his ideas.
Book Synopsis Political Arithmetic by : Robert William Fogel
Download or read book Political Arithmetic written by Robert William Fogel and published by University of Chicago Press. This book was released on 2013-04-15 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: We take for granted today that the assessments, measurements, and forecasts of economists are crucial to the decision-making of governments and businesses alike. But less than a century ago that wasn’t the case—economists simply didn’t have the necessary information or statistical tools to understand the ever more complicated modern economy. With Political Arithmetic, Nobel Prize–winning economist Robert Fogel and his collaborators tell the story of economist Simon Kuznets, the founding of the National Bureau of Economic Research, and the creation of the concept of GNP, which for the first time enabled us to measure the performance of entire economies. The book weaves together the many strands of political and economic thought and historical pressures that together created the demand for more detailed economic thinking—Progressive-era hopes for activist government, the production demands of World War I, Herbert Hoover’s interest in business cycles as President Harding’s commerce secretary, and the catastrophic economic failures of the Great Depression—and shows how, through trial and error, measurement and analysis, economists such as Kuznets rose to the occasion and in the process built a discipline whose knowledge could be put to practical use in everyday decision-making. The product of a lifetime of studying the workings of economies and skillfully employing the tools of economics, Political Arithmetic is simultaneously a history of a key period of economic thought and a testament to the power of applied ideas.
Book Synopsis Decision Economics, In Commemoration of the Birth Centennial of Herbert A. Simon 1916-2016 (Nobel Prize in Economics 1978) by : Edgardo Bucciarelli
Download or read book Decision Economics, In Commemoration of the Birth Centennial of Herbert A. Simon 1916-2016 (Nobel Prize in Economics 1978) written by Edgardo Bucciarelli and published by Springer. This book was released on 2016-05-26 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: The special session Decision Economics (DECON) 2016 is a scientific forum by which to share ideas, projects, researches results, models and experiences associated with the complexity of behavioral decision processes aiming at explaining socio-economic phenomena. DECON 2016 held in the University of Seville, Spain, as part of the 13th International Conference on Distributed Computing and Artificial Intelligence (DCAI) 2016. In the tradition of Herbert A. Simon’s interdisciplinary legacy, this book dedicates itself to the interdisciplinary study of decision-making in the recognition that relevant decision-making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, small and international business, management, operations, and production. Decision-making issues are of crucial importance in economics. Not surprisingly, the study of decision-making has received a growing empirical research efforts in the applied economic literature over the last sixty years. The recognition of the oversimplification and limitations of subjective expected utility theory has produced an extraordinary volume of empirical research aimed at discovering how economic agents cope with complexity. In the centenary of his birth, the international scientific community acknowledges Herbert A. Simon’s research endeavors aimed to understand the processes involved in economic decision-making and their implications for the advancement of economic studies. Within the field of decision-making, Simon’s rejection of standard decision-making models of neoclassical economics inspired social scientists worldwide to develop research programs in order to study decision-making empirically. The main achievements regarded decision-making for individual, firms, markets, governments and institution. There are many scholars in the world that claim that Herbert A. Simon has precipitated something like a revolution in microeconomics focused on the concept of decision-making. Among these scholars are the Editors of this book who believe that very few scientists produce seminal work in more than one field: Herbert A. Simon was one of them, that caliber of genius.
Book Synopsis Intelligent Decision-making Support Systems by : Jatinder N.D. Gupta
Download or read book Intelligent Decision-making Support Systems written by Jatinder N.D. Gupta and published by Springer Science & Business Media. This book was released on 2007-03-30 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will be bought by researchers and graduates students in Artificial Intelligence and management as well as practising managers and consultants interested in the application of IT and information systems in real business environment.
Book Synopsis The Nobel Memorial Laureates in Economics by : Howard R. Vane
Download or read book The Nobel Memorial Laureates in Economics written by Howard R. Vane and published by Edward Elgar Publishing. This book was released on 2005 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: . . . this book will continue to share shelf-space next to my current textbooks. As a librarian, such utility makes this a desirable addition to any educator s collection. As a history of economic thought book, Vane and Mulhearn have brought together a breadth of information that can be found through disparate sources but at a cost of effort and, especially for students, qualitative decisions regarding sources. . . The convenience of their starting methodology, breadth over depth coverage, and clear intention of writing to an audience of students makes this a useful text. Kirk Douglas Johnson, Journal of the History of Economic Thought The essays summarizing the main achievements of the prize winners are well written and to the point. They are short enough that they never cause the reader to lose interest, but substantive enough to let you know what the winners accomplishments amount to. These compact, factually accurate essays mark the real value of the book as a reference work. . . there is little for which to fault the authors. Vane and Mulhearn have done a very nice job with the book, and it is an added bonus that it includes a formal portrait photograph of each prize winner. Bradley W. Bateman, History Political Economy . . . Vane and Mulhearn have produced a useful reference work. John Quiggin, Economic Analysis and Policy This collection has the capacity to surprise the reader. You learn all sorts of new and sometimes admirable things about these economists and about the richness of the profession that is often obscured from students of the subject. John Lodewijks, History of Economics Review This volume provides a non-technical description of the main published works of every Nobel Memorial (Economics) winner from the first annual award in 1969 to 2004 . . . This is a reference book par excellence . . . it will interest not only those having some involvement with economics, past or present, but it should also attract more general readers wanting to unravel some of the mysteries surrounding economics and economists. Economic Outlook and Business Review Vane and Mulhearn have produced an introduction to the careers and major publications of the 55 economists awarded the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel between 1969 and 2004. The short essays on each economist are readable and accurate; they provide a discussion of the subjects, major contributions and an introduction to the secondary literature, often with the outstanding reports on the laureates work provided to the Economic Prize Committee of the Royal Swedish Academy of Sciences. The collection is introduced with a review of the prize and the common characteristics of the winners thus far, all neatly summarized in a table with each laureate s year and country of birth, university, year of first and higher degrees, affiliation at the time of the award, field of study, and a summary citation. This volume provides a very useful introduction to the development of economic ideas in the last three-quarters of the 20th century. Highly recommended. D.E. Moggridge, Choice Every serious research economist will want to have a look at this comprehensive work. Edwin Burmeister, Research Professor of Economics, Duke University, US The award of the Nobel Prize has, for more than thirty years, been economists way of informing the public at large about what work most of them think is important, and about who has done it. Anyone seeking to understand the development of recent economic ideas and the profession that has created them must deal with the Prize s history, and Vane and Mulhearn have provided an indispensable guide to it brief, readable and accurate. David Laidler, Professor Emeritus and Bank of Montreal Professor, University of Western Ontario, Canada This is a splendid account of the personal stories of the Nobel Laureates in Economics, the diversity of practice of recent economists, and, perhaps above all, the nature o
Book Synopsis The Oxford Handbook of Management Theorists by : Morgen Witzel
Download or read book The Oxford Handbook of Management Theorists written by Morgen Witzel and published by Oxford University Press. This book was released on 2013-02-28 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook will evaluate the ideas and influence of 25 major management theorists, examining their impact on the evolvement of management as a discipline. Chapters will review the contributions of these theorists in light of their contemporary context and each other, from the pioneers to post-war theorists and later business school theorists.
Book Synopsis Minds, Models and Milieux by : Roger Frantz
Download or read book Minds, Models and Milieux written by Roger Frantz and published by Springer. This book was released on 2016-04-08 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of specially-commissioned chapters from philosophers, economists, political and behavioral economists, cognitive and organizational psychologists, computer scientists, sociologists and permutations thereof as befits the polymathic subject of this book: Herbert Simon. The tripartite of the title, Minds, Models and Milieux, connotes the three inextricably linked areas to which Herbert Simon made the most distinguished of contributions. 'Minds' connotes Simon's abiding interest in theorizing human behavior, rationality, and decision-making; 'Models' connotes his extensive computer simulation work in the service of his interest in understanding minds, but also in the service of minds that are situated in a complex social 'Milieux'. This collection while intended to commemorate the centenary of Simon's birth simultaneously offers a timely reassessment of some of his central insights and illustrates the exponentially growing interest in Simon's work from beyond the usual disciplines and constituencies.
Book Synopsis Models of My Life by : Herbert A. Simon
Download or read book Models of My Life written by Herbert A. Simon and published by MIT Press. This book was released on 1996-10-08 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this candid and witty autobiography, Nobel laureate Herbert A. Simon looks at his distinguished and varied career, continually asking himself whether (and how) what he learned as a scientist helps to explain other aspects of his life. A brilliant polymath in an age of increasing specialization, Simon is one of those rare scholars whose work defines fields of inquiry. Crossing disciplinary lines in half a dozen fields, Simon's story encompasses an explosion in the information sciences, the transformation of psychology by the information-processing paradigm, and the use of computer simulation for modeling the behavior of highly complex systems. Simon's theory of bounded rationality led to a Nobel Prize in economics, and his work on building machines that think—based on the notion that human intelligence is the rule-governed manipulation of symbols—laid conceptual foundations for the new cognitive science. Subsequently, contrasting metaphors of the maze (Simon's view) and of the mind (neural nets) have dominated the artificial intelligence debate. There is also a warm account of his successful marriage and of an unconsummated love affair, letters to his children, columns, a short story, and political and personal intrigue in academe.
Book Synopsis An Evolutionary Theory of Economic Change by : Richard R. Nelson
Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.
Book Synopsis Explanation, Prediction, and Confirmation by : Dennis Dieks
Download or read book Explanation, Prediction, and Confirmation written by Dennis Dieks and published by Springer Science & Business Media. This book was released on 2011-03-24 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume, the second in the Springer series Philosophy of Science in a European Perspective, contains selected papers from the workshops organised by the ESF Research Networking Programme PSE (The Philosophy of Science in a European Perspective) in 2009. Five general topics are addressed: 1. Formal Methods in the Philosophy of Science; 2. Philosophy of the Natural and Life Sciences; 3. Philosophy of the Cultural and Social Sciences; 4. Philosophy of the Physical Sciences; 5. History of the Philosophy of Science. This volume is accordingly divided in five sections, each section containing papers coming from the meetings focussing on one of these five themes. However, these sections are not completely independent and detached from each other. For example, an important connecting thread running through a substantial number of papers in this volume is the concept of probability: probability plays a central role in present-day discussions in formal epistemology, in the philosophy of the physical sciences, and in general methodological debates---it is central in discussions concerning explanation, prediction and confirmation. The volume thus also attempts to represent the intellectual exchange between the various fields in the philosophy of science that was central in the ESF workshops.
Book Synopsis Dictionary of Modern American Philosophers by : John R. Shook
Download or read book Dictionary of Modern American Philosophers written by John R. Shook and published by A&C Black. This book was released on 2005-01-01 with total page 2759 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dictionary of Modern American Philosophers includes both academic and non-academic philosophers, anda large number of female and minority thinkers whose work has been neglected. It includes those intellectualsinvolved in the development of psychology, pedagogy, sociology, anthropology, education, theology, politicalscience, and several other fields, before these disciplines came to be considered distinct from philosophy in thelate nineteenth century.Each entry contains a short biography of the writer, an exposition and analysis of his or her doctrines and ideas, abibliography of writings, and suggestions for further reading. While all the major post-Civil War philosophers arepresent, the most valuable feature of this dictionary is its coverage of a huge range of less well-known writers,including hundreds of presently obscure thinkers. In many cases, the Dictionary of Modern AmericanPhilosophers offers the first scholarly treatment of the life and work of certain writers. This book will be anindispensable reference work for scholars working on almost any aspect of modern American thought.
Book Synopsis The 'Uncertain' Foundations of Post Keynesian Economics by : Stephen Dunn
Download or read book The 'Uncertain' Foundations of Post Keynesian Economics written by Stephen Dunn and published by Routledge. This book was released on 2010-04-05 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important new book introduces, analyzes and takes forward a post-Keynesian theory of the firm. It makes a vital contribution to the conceptualisation of uncertainty that is consistent with the methodological presuppositions of Post Keynesian economics. The author attempts to make a positive contribution to the development of Post Keynesian economics by refuting allegations of incoherence, detailing some of the salient implications of a transmutable conception of economic processes and then starting to explore what this means for how Post Keynesians conceptualise uncertainty. The book argues that the Post Keynesian distinctive view of time, understood as a non-deterministic open systems process, is a core and defining characteristic which is linked to its theoretical discussion of money and the principle of effective demand. Covering areas such as the coherence of Post Keynesianism, the future of Post Keynesian economics and Keynesian methodological debates, this book is useful reading for all Post Keynesian scholars with a strong interest in economic methodology and the philosophical underpinnings of economics.
Book Synopsis The Economics of John Kenneth Galbraith by : Stephen P. Dunn
Download or read book The Economics of John Kenneth Galbraith written by Stephen P. Dunn and published by Cambridge University Press. This book was released on 2010-11-11 with total page 499 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite the continued popular success of his works, John Kenneth Galbraith's contribution to economic theory is rarely recognized by today's economists. This book redresses the balance by providing an introductory and sympathetic discussion of Galbraith's theoretical contributions, introducing the reader to his economics and his broader vision of the economic process.
Book Synopsis New Approaches to Scientific Realism by : Wenceslao J. Gonzalez
Download or read book New Approaches to Scientific Realism written by Wenceslao J. Gonzalez and published by Walter de Gruyter GmbH & Co KG. This book was released on 2020-08-24 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scientific realism is at the core of the contemporary philosophical debate on science. This book analyzes new versions of scientific realism. It makes explicit the advantages of scientific realism over alternatives and antagonists, contributes to deciding which of the new approaches better meets the descriptive and the prescriptive criteria, and expands the philosophico-methodological field to take in new topics and disciplines.