Herbert Simon emphasized the shift in bounded rationality from substantive to procedural rationality. Substantive rationality focuses on what we should prefer or believe, while procedural rationality examines how we determine those preferences or beliefs. Simon argued that the key task for bounded rationality theories is to develop a framework for rational inquiry under constraints. "Inquiry Under Bounds" builds on this by proposing a five-point bounded rationality program rooted in cognitive science. Dr. David Thorstad advocates for a reason-responsiveness consequentialist approach, clarifying and defending core insights of bounded rationality and addressing recent epistemological debates.
Dr. David Thorstad is an Assistant Professor of Philosophy at Vanderbilt University. He earned his Ph.D. from Harvard University and has been a Postdoctoral Research Fellow at the Global Priorities Institute, Oxford, and a Research Affiliate at the MINT Lab, Australian National University. His research focuses on epistemology and value theory, exploring bounded rationality, altruistic decision-making, and the ethics of emerging technologies. In this episode, Dr. David shares key insights from his acclaimed book, Inquiry Under Bounds.
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