rationality is a method of dealing with uncertainty by devouring information and making simplifying assumptions about the outside world until you can convince yourself that you understand it
rationality is a method of dealing with uncertainty by devouring information and making simplifying assumptions about the outside world until you can convince yourself that you understand it
One of the problems with being "rational" in your own estimation is that you are probably only being rational about one dimension of a surprisingly complex situation
Epistemic rationality: systematically improving the accuracy of your beliefs.
Eliezer Yudkowsky • Rationality
definition of ‘rationality’ based not on observation or introspection, but on a set of a priori axioms. This way of thinking we will describe as ‘axiomatic rationality’. It has the logical consequence that there is something which might be described as ‘subjective expected utility’ which individuals who are ‘rational’ are maximising. Obedience to t
... See moreMervyn King • Radical Uncertainty
Taleb’s notion of rationality-as-risk-management liberates “rationality” from conflicting sets of rhetorical expectations, and replaces them with a common set of market incentives .
Market incentives create the kind of consensus the information age demands, and also the kind of people who can tolerate it .
Mike Elias • Pascal’s Market
As a new point of view we turn to bounded rationality, a departure from the mainstream tradition. We no longer can assume that every agent is a perfect calculator. This point of view is given a great deal of emphasis by Herbert Simon. Simon argued that people do not maximize. When they’re forecasting the future, they do not perform the task of rati
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