Variant: The principle of bounded rationality [is] the capacity of the human mind for formulating and solving complex problems is very small compared with the size of the problems whose solution is required for objectively rational behavior in the real world — or even for a reasonable approximation to such objective rationality.
Source: 1940s-1950s, Administrative Behavior, 1947, p. 198.
“A rational, humane solution—for Gelvri, as Elgran Vrai, believed rationality and humaneness tautologies, different names for the same thing.”
Source: A Funeral for the Eyes of Fire (1975), Chapter 14, “Denouement: Ascent to the Acropolis” (p. 266)
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Michael Bishop 25
American writer 1945Related quotes
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Source: Inductive Reasoning and Bounded Rationality (The El Farol Problem) (1994), p. 1
“Rationality is not one of humanity’s strong points.”
Source: The Ghost Brigades (2006), Chapter 5 (p. 88)
Source: The Economic Problem (1925), Chapter I, "The Problem Profounded", p. 1
“The development of a society can never be subject to rational human control.”
Source: Anti-Tech Revolution: Why and How (2016), p. 7
“The tendency to be rational is the consistent and hence predictable element in human behavior.”
Source: Price Theory: An Intermediate Text, 1986, p.4
“The point is that humans are rarely at their best when they use rational reasoning.”
Source: Why Stock Markets Crash - Critical Events in Complex Systems (2003), Chapter 4, Positive Feedbacks, p. 106.