The Tragedy of the Commons: Rational Actor
This is a follow on to Tragedy of the Commons: The Political Commons. It specifically looks at the rationality implied in Ostrom’s 8 points and the Rational Actor/Choice, Game, and Agency theories. What happens if the rational hypothesis fails…
Critical Thinking: Introduction to Key Components and Dimensions
This series will address the components and dimensions of the figure above. The first installment summarizes the critical thinking framework. Subsequent installments will look at the components and dimensions in greater detail. This is an important and complex topic.…
Critical Thinking: Bounded Rationality and Time
Time is one component of bounded rationality. The Bounded Rationality Model (see the introduction to this series) includes cognitive limitations and information/knowledge quality. Severe time constraints can drive a decision to System 1 approaches, with the decision based on…
