Name: Bounded Rationality and Politics (Wildavsky Forum Series)
Price: 111.84 GBP
Availability: InStock
Author: Jonathan Bendor
ISBN: 9780520259461

portada Bounded Rationality and Politics (Wildavsky Forum Series)

Type

Physical Book

Publisher

Univ Of California Pr

Author

Jonathan Bendor

Synopsis "Bounded Rationality and Politics (Wildavsky Forum Series)"

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.