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Models of Simon

By: (Author) Kumaraswamy Vela Velupillai

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Ksh 26,100.00

Format: Hardback or Cased Book

ISBN-10: 0415311586

ISBN-13: 9780415311588

Publisher: Taylor & Francis Ltd

Imprint: Routledge

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Nov 27th, 2017

Print length: 218 Pages

Weight: 484 grams

Dimensions (height x width x thickness): 16.50 x 24.20 x 1.90 cms

Product Classification: Economics

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When Herbert Simon died in 2000, he left behind a hugely impressive legacy. This book is of interest to the modern economist.

Herbert Simon (1916-2001) is mostly celebrated for the theory of bounded rationality and satisficing. This book of essays on Models of Simon tackles these topics that the he broached in a professional career spanning more than 60 years. Expository material on the fundamental concepts he introduced are re-interpreted in terms of the theory of computability.

This volume frames the behavioural issues of concern for economists, such as: hierarchy, causality, near-diagonal linear dynamical systems, discovery, the contrasts between the notion of heuristics, and the Church-Turing Thesis of Computability Theory. There is, consistently, an emphasis on the historical origins of the concepts Simon worked with, in emphasising Human Problem Solving and Decision Making – by rational individuals and institutions (like Organizations). The main feature of the results in the book are its emphasis on the procedural aspects of human problem solving, decision making and the remarkable way Simon harnessed many tools of mathematical logic, mathematics, cognitive sciences, economics and econometrics.

This long-awaited volume is an important read for those who study economic theory and philosophy, microeconomics and political economy, as well as those interested in the great Herbert Simon’s work.


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