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Bounded Rationality and Politics

By: Jonathan Bendor (Author)

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Ksh 6,100.00

Format: Paperback or Softback

ISBN-13: 9780520259478

Publisher: University of California Press

Publication Date: Jun 2nd, 2010

Weight: 346 grams

Dimension: 22.90 x 13.40 x 1.60 cms

Category: Decision theory: general

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Considers two schools of behavioral economics - the first guided by Tversky and Kahneman's work on heuristics and biases, and the second as described by Gerd Gigerenzer's program on fast and frugal heuristics. This title proposes Herbert Simon's work on bounded rationality as a way to reconcile the inconsistencies between the two camps.

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