ENGLISH

Bounded rationality and politics

By Simon , Herbert Alexander; Bendor , Jonathan B.

Book information

Publisher
University of California Press
Year
2010
ISBN
9780520945517, 0520945514
Language
english
Format
PDF
Filesize
1 MB (1270310 bytes)
Series
Aaron Wildavsky forum for public policy 6.
Pages
230\248
Time added
2015-05-09 17:53:55
Decision making Political aspects Simon Herbert A

Description

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 sho.  Read more...

Similar books