The future of Economics: Updating Bounded Rationality - Workshop

The future of Economics: Updating Bounded Rationality *

Workshop organized by

The International Herbert A. Simon Society

in collaboration with

Italian Cultural Institute of New York ** and Fondazione Rosselli, Turin, Italy


May 23, 2011 – New York

Italian Cultural Institute

686 Park Avenue, New York, NY 10065

Are the recent financial crisis and the many market failures a final blow to the concept of olympic rationality and the definitive victory of bounded rationality?

The goal of the panel is to specify the interdisciplinary aspects of bounded rationality, a concept introduced by Herbert Simon, and how psychology, philosophy and computer sciences have contributed to redefine its conceptual boundaries and consequent applications to economic and social sciences. Updating bounded rationality means to understand how philosophical analysis and neurocognitive research have reshaped the limits of “rationality”, one of the most controversial concepts in epistemology, economics, psychology and social sciences. Nobel laureates in Economics Kenneth Arrow, Daniel Kahneman, Oliver Williamson and many other distinguished scholars will speak about a cutting-edge topic at the crossroads of several sciences.

Panelists: Riccardo Viale, Massimo Egidi, Richard Nelson, Jon Elster, Roy Radner, Dan Sperber, Oliver Williamson, Giovanni Dosi, Colin Camerer, Mie Augier, Kenneth Arrow, Daniel Kahnenman, Edward Feigenbaum, Susan Carey, Alvin Goldman, Steven Lukes, Gloria Origgi, Pamela McCorduck, Craig Calhoun, Sidney Winter, Lawrence Hirschfeld, David Klahr, Vernon Smith, Nassim Taleb.


By invitation only, subject to seat availability. If you would like to participate please write to Francesco Ricciardo at f.ricciardoiicny@gmail.com


*http://www.fondazionerosselli.it/User.it/index.php?PAGE=Sito_en/Home
**http://www.iicnewyork.esteri.it/