"More information is always better, and full information is best. More computation is always better, and optimization is best." More-is-better ideals such as these have long shaped our vision of rationality. Yet humans and other animals typically rely on simple heuristics to solve adaptive problems, focusing on one or a few important cues and ignoring the rest, and shortcutting computation rather than striving for as much as possible. In this book, we argue that in an uncertain world, more information and computation are not always better, and we ask when, and why, less can be more. The answers to these questions constitute the idea of ecological rationality: how we are able to achieve intelligence in the world by using simple heuristics matched to the environments we face, exploiting the structures inherent in our physical, biological, social, and cultural surroundings.

Spatial planning defines how men use one of the most important and scarce resources on Earth: land. Planners therefore play a key role in countering or deepening the current ecological crisis. To foster ecological transitions, planning scholars and practitioners need to be equipped with sound theories and practical tools. To this end, this book advocates a re-foundation of spatial planning under the paradigm of “ecological rationality”, based on the revaluation of early pioneers of ecological planning and mutual fertilization with different disciplines, including decision-making science, ecology, (eco)system theory, land use science and political ecology. The key principles of ecological rationality and its application to spatial planning are discussed and this conceptual framework is used to explain the main underlying drivers of ecological degradation and their spatial manifestations at the local level. Current policy instruments in the European context, which can be used to underpin ecological planning, such as Green Infrastructure and the Mapping and Assessment of Ecosystem Service (MAES) initiative, are also examined.

The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of F.A. Hayek.

Spatial planning defines how men use one of the most important and scarce resources on Earth: land. Planners therefore play a key role in countering or deepening the current ecological crisis. To foster ecological transitions, planning scholars and practitioners need to be equipped with sound theories and practical tools. To this end, this book advocates a re-foundation of spatial planning under the paradigm of “ecological rationality”, based on the revaluation of early pioneers of ecological planning and mutual fertilization with different disciplines, including decision-making science, ecology, (eco)system theory, land use science and political ecology. The key principles of ecological rationality and its application to spatial planning are discussed and this conceptual framework is used to explain the main underlying drivers of ecological degradation and their spatial manifestations at the local level. Current policy instruments in the European context, which can be used to underpin ecological planning, such as Green Infrastructure and the Mapping and Assessment of Ecosystem Service (MAES) initiative, are also examined.

Herbert Simon’s renowned theory of bounded rationality is principally interested in cognitive constraints and environmental factors and influences which prevent people from thinking or behaving according to formal rationality. Simon’s theory has been expanded in numerous directions and taken up by various disciplines with an interest in how humans think and behave. This includes philosophy, psychology, neurocognitive sciences, economics, political science, sociology, management, and organization studies. The Routledge Handbook of Bounded Rationality draws together an international team of leading experts to survey the recent literature and the latest developments in these related fields. The chapters feature entries on key behavioural phenomena, including reasoning, judgement, decision making, uncertainty, risk, heuristics and biases, and fast and frugal heuristics. The text also examines current ideas such as fast and slow thinking, nudge, ecological rationality, evolutionary psychology, embodied cognition, and neurophilosophy. Overall, the volume serves to provide the most complete state-of-the-art collection on bounded rationality available. This book is essential reading for students and scholars of economics, psychology, neurocognitive sciences, political sciences, and philosophy.

In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational decision making in economics, cognitive science, biology, and other fields largely ignore these real constraints and instead assume agents with perfect information and unlimited time. About forty years ago, Herbert Simon challenged this view with his notion of "bounded rationality." Today, bounded rationality has become a fashionable term used for disparate views of reasoning. This book promotes bounded rationality as the key to understanding how real people make decisions. Using the concept of an "adaptive toolbox," a repertoire of fast and frugal rules for decision making under uncertainty, it attempts to impose more order and coherence on the idea of bounded rationality. The contributors view bounded rationality neither as optimization under constraints nor as the study of people's reasoning fallacies. The strategies in the adaptive toolbox dispense with optimization and, for the most part, with calculations of probabilities and utilities. The book extends the concept of bounded rationality from cognitive tools to emotions; it analyzes social norms, imitation, and other cultural tools as rational strategies; and it shows how smart heuristics can exploit the structure of environments.

Divergent beliefs about humanity's relationship to nature collide as the second millenium ends. One belief emphasizes that a distinctive characteristic of humans—reason—enables them to reshape and master nature. Another insists that nature is not so plastic, hence humans must adapt to nature and render development sustainable, or even limit growth. "Social ecology" asserts that environmental problems result from institutional hierarchies and suggests decentralized institutions and egalitarian ethics. According to "deep ecology" such problems originate in cultures assuming only humans are worthwhile, thus it stresses the intrinsic value of nature. Feminists are torn between values based on the equality of men and women and ecofeminist values postulating that women are inherently closer to nature than men. Rationality and Nature critically assesses these conflicting cultural tendencies. Waste has been the forgotten element of political economy. Western society has sophisticated methods of financial accounting but does little to account for the losses—financial and human—of waste. Raymond Murphy proposes in this book a theory of environmental debt as a source of capital accumulation. He develops a model of "environmental classes" that helps us to understand the political and economic basis of conflict over the environment. Environmental degradation did not occur on a vast scale until science and applied science were developed. Are they responsible for it and can they be reoriented toward a more symbiotic relationship with nature? Other ways of bringing about a symbiotic relationship are also explored in this book: compulsion, ecological values, ecological experience, and ecological knowledge.