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Bounded Rationality and Politics
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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 mis...
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Format:
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Publication Date: 02 June 2010
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ISBN: 9780520259478
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Pages: 248
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Imprint: University of California Press
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.
Price: $34.95
Pages: 248
Publisher: University of California Press
Imprint: University of California Press
Series: Wildavsky Forum Series
Publication Date:
02 June 2010
Trim Size: 9.00 X 6.00 in
ISBN: 9780520259478
Format: Paperback
BISACs:
Jonathan Bendor is Walter and Elise Haas Professor of Political Economics at the Graduate School of Business, Stanford University.