Recently this site suggested grid-group cultural theory as a type of bounded rationality could explain certain economic behaviour (that of pirates) more completely than rational choice theory could. But is grid-group cultural theory actually a version of bounded rationality, or are there important differences.? A forthcoming article in the Harvard Law Review should shed light on this:
Kahan, D. M., & Slovic, P. (in press). Is cultural cognition a product of bounded rationality? Harvard Law Review.
I’m informed that the above article is already available on-line. It is part of an in-print discussion with Cass Sunstein. Sunstein’s response to the review essay, Fear of Democracy: A Cultural Critique of Sunstein on Risk, 119 Harv. L. Rev.1071 (2006) is also available online.