Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrow Search for citing articles in:
ISI Web of Science (6)
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Sent, E.-M.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

Copyright © Cambridge Political Economy Society

research-article

Sargent versus Simon: bounded rationality unbound

Esther-Mirjam Sent*

*University of Notre Dame

Abstract

Sargent called his latest venture Bounded Rationality in Macroeconomics and tried to make connections with Simon's programme of bounded rationality and artificial intelligence. The irony is that rational expectations theory, born from the same mother—Carnegie-Mellon University—as bounded rationality, after trying to kill her big sister, then apparently came around to embracing her in the person of Sargent. But was Simon's interpretation of bounded rationality the same as Sargent's? Did Simon and Sargent mean the same by artificial intelligence? Not quite. The different interests of Sargent and Simon resulted in vastly different interpretations of bounded rationality and artificial intelligence.

Manuscript received June 12, 1995; final version received January 28, 1996.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?


This article has been cited by other articles:


Home page
 Ind Corp ChangeHome page
P. Nightingale
Meta-paradigm change and the theory of the firm
Ind. Corp. Change, June 1, 2008; 17(3): 533 - 583.
[Abstract] [Full Text] [PDF]


Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.