14min chapter

The Gradient: Perspectives on AI cover image

David Thorstad: Bounded Rationality and the Case Against Longtermism

The Gradient: Perspectives on AI

CHAPTER

Rethinking Rationality

Exploration of bounded rationality as a response to the standard rationality model, tracing its roots in formal architecture of logic and decision theory. Discussion on the crisis in economic theories from the 1950s to the 90s, evaluating empirical violations and the need for alternative models. Delving into debates on rational belief systems, contrasting the standard view with evidentialism and emphasizing substantive content requirements for beliefs.

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