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The Gradient: Perspectives on AI

David Thorstad: Bounded Rationality and the Case Against Longtermism

May 2, 2024
David Thorstad, Assistant Professor of Philosophy at Vanderbilt University, discusses bounded rationality, interdisciplinary challenges in academia, and the evolution of fields. He critiques the standard view of rationality, explores epistemic norms, decision-making trade-offs, and ethical dilemmas. Thorstad challenges traditional views, introduces terms like pangolosianism and mealyerism, and debates the recognition heuristic in decision-making processes.
02:19:02

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Podcast summary created with Snipd AI

Quick takeaways

  • Bounded rationality necessitates considering cognitive limitations in decision-making, challenging standard rationality models.
  • Interdisciplinary research evolution involves recognizing, incentivizing, and evaluating collaborative efforts in academia.

Deep dives

Synopsis of Bounded Rationality and Long-Termism

Bounded rationality, as discussed, emphasizes that people are not perfectly rational and outlines the Bounded Rationality program developed by David Thorstad, considering factors like accuracy, coherence, trade-offs, and epistemic norms in decision-making. The discussion delves into the intersection of bounded rationality and long-termism, highlighting the significance and controversies surrounding long-termism in academic discourse. Views on rationality and inquiry are shaped by a journey from formal perspectives in Bayesian statistics to crisis of confidence moments, leading to a search for models that incorporate psychology effectively.

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