BOUNDED RATIONALITY AND POLITICS by Jonathan Bendor ( 9780520259461 )

Item Details

Title:

BOUNDED RATIONALITY AND POLITICS

By:

Jonathan Bendor

Format:

Hardback

List price:

£80.00

Our price:

£64.00

Discount:

20% off

You save:

£16.00

ISBN 10:

0520259467

ISBN 13:

9780520259461

Availability:

Usually dispatched within 1-3 weeks.

Delivery rates

Stock:

Currently 0 available

Publisher:

UNIVERSITY OF CALIFORNIA PRESS

Pub. date:

2 June, 2010

Series:

Wildavsky Forum Series 6

Pages:

248

Description:

Considers two schools of behavioral economics - the first guided by Tversky and Kahneman's work on heuristics and biases, and the second as described by Gerd Gigerenzer's program on fast and frugal heuristics. This title proposes Herbert Simon's work on bounded rationality as a way to reconcile the inconsistencies between the two camps.

Synopsis:

In "Bounded Rationality and Politics", Jonathan Bendor considers two schools of behavioral economics - the first guided by Tversky and Kahneman's work on heuristics and biases, which focuses on the mistakes people make in judgment and choice; the second as described by Gerd Gigerenzer's program on fast and frugal heuristics, which emphasizes the effectiveness of simple rules of thumb. Finding each of these radically incomplete, Bendor's illuminating analysis proposes Herbert Simon's pathbreaking work on bounded rationality as a way to reconcile the inconsistencies between the two camps. Bendor shows that Simon's theory turns on the interplay between the cognitive constraints of decision makers and the complexity of their tasks.

Illustrations:

15 line illustrations

Publication:

Imprint:

University of California Press

Returns:

Returnable

Some other items by this author:

A BEHAVIORAL THEORY OF ELECTIONS

A BEHAVIORAL THEORY OF ELECTIONS (HB)

A BEHAVIORAL THEORY OF ELECTIONS (PB)

BOUNDED RATIONALITY AND POLITICS