ABSTRACT
INTRODUCTION Chapter 6 concentrated on bounded rationality and theories of deductive reasoning. However, the issue of bounded rationality applies and has been influential in other reasoning domains. Specifically, Simon’s ideas about bounded rationality have had a profound impact on the development of psychological theories of human probabilistic reasoning and decision making (although see Lopes, 1992, for arguments that Simon’s influence on some of this work was limited). This chapter provides a discussion of the concept of “bounded rationality” as it applies to the theses advanced by two leading reasoning researchers in the inaugural issue of the journal Theory and Psychology. Lola Lopes works on human decision making, and Jonathan Evans works on human deductive inference.
