What is the role of culture in bounded rationality? (2001)
Abstract
(from the chapter) Explores 3 ways in which sociocultural processes produce adaptive (or boundedly rational) algorithms. First, simple imitation or social learning heuristics allow individuals to save the costs of individual learning, experimentation, and search by exploiting the information available in the minds of other individuals. Second, over cultural-evolutionary time scales, these algorithms give rise to complex sets of motivations, decision-processes, rules, cues, and procedures that are adaptive in particular socio-ecologies. Third, cultural and socio-interactional processes can combine to give rise to adaptive group processed that distribute cognition, knowledge, skill, and labor. The authors argue that these types of processes form the essential elements in a wide range of human decision-making and behavioral patterns. Consequently, any effort to understand the patterns requires an exploration of how each of these sociocultural processes works. (PsycINFO Database Record (c) 2006 APA, all rights reserved)
Bibliographic entry
Henrich, J., Albers, W., Boyd, R., Gigerenzer, G., McCabe, K. A., Ockenfels, A., [et-al] (2001). What is the role of culture in bounded rationality? In G. Gigerenzer & R. Selten (Eds.), Bounded rationality: The adaptive toolbox. Dahlem Workshop Report (pp. 343-359). Cambridge, MA: MIT Press. (Full text)
Miscellaneous
| Publication year | 2001 | |
|---|---|---|
| Document type: | In book | |
| Publication status: | Published | |
| External URL: | http://library.mpib-berlin.mpg.de/ft/jhe/JHE_What_2001.pdf View | |
| Categories: | ||
| Keywords: |