David Thorstad builds on Herbert Simon's work in bounded rationality to propose a theory of inquiry under procedural and substantive constraints inherent to human cognition.
In 'Inquiry Under Bounds', Thorstad advances a model where inquiry becomes crucial for bounded agents, emphasizing the importance of understanding processes of rational thought, not just outcomes.
The notion of bounded rationality challenges traditional views by demonstrating that rational decision-making must account for both internal cognitive limits and external environmental influences.
Thorstad argues for a reformulation of rationality that transitions from simply maintaining consistency to understanding how inquiry shapes and adapts our beliefs and preferences.
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