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Bounded rationality and politics

By: Material type: TextTextPublication details: 2010 University of Califonia Press BerkeleyDescription: xv, 230 p. : ill. ; 24 cmISBN:
  • 9780520259478
Subject(s): DDC classification:
  • 320.019 B3B6
Summary: In Bounded Rationality and Politics, Jonathan Bendor considers two schools of behavioral economicsDthefirstguidedbyTverskyandKahneman'sworkonheuristicsandbiases,whichfocusesonthemistakespeoplemakeinjudgmentandchoice;thesecondasdescribedbyGerdGigerenzer'sprogramonfastandfrugalheuristics,whichemphasizestheeffectivenessofsimplerulesofthumb.Findingeachoftheseradicallyincomplete,Bendor'silluminatinganalysisproposesHerbertSimon'spathbreakingworkonboundedrationalityasawaytoreconciletheinconsistenciesbetweenthetwocamps.BendorshowsthatSimon'stheoryturnsontheinterplaybetweenthecognitiveconstraintsofdecisionmakersandthecomplexityoftheirtasks.(http://www.ucpress.edu/book.php?isbn=9780520259478)
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Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 13-B / Slot 470 (0 Floor, West Wing) General Stacks 320.019 B3B6 (Browse shelf(Opens below)) Available 171895

In Bounded Rationality and Politics, Jonathan Bendor considers two schools of behavioral economicsDthefirstguidedbyTverskyandKahneman'sworkonheuristicsandbiases,whichfocusesonthemistakespeoplemakeinjudgmentandchoice;thesecondasdescribedbyGerdGigerenzer'sprogramonfastandfrugalheuristics,whichemphasizestheeffectivenessofsimplerulesofthumb.Findingeachoftheseradicallyincomplete,Bendor'silluminatinganalysisproposesHerbertSimon'spathbreakingworkonboundedrationalityasawaytoreconciletheinconsistenciesbetweenthetwocamps.BendorshowsthatSimon'stheoryturnsontheinterplaybetweenthecognitiveconstraintsofdecisionmakersandthecomplexityoftheirtasks.(http://www.ucpress.edu/book.php?isbn=9780520259478)

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