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Bounded Rationality and Politics by Jonathan Bendor
Bounded Rationality and Politics by Jonathan Bendor
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Bounded Rationality and Politics

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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 shows that Simon's theory turns on the interplay between the cognitive constraints of decision makers and the complexity of their tasks.

Author Biography:

Jonathan Bendor is Walter and Elise Haas Professor of Political Economics at the Graduate School of Business, Stanford University.
Release date Australia
June 2nd, 2010
Audience
  • Professional & Vocational
Illustrations
15 line illustrations
Pages
248
Dimensions
152x229x15
ISBN-13
9780520259478
Product ID
4275077

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