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Bounded Rationality
Hardcover

Bounded Rationality

by Graham Mallard

Hardcover · 128 pages Edinburgh University Press · 2020

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Hardcoverfrom $87.50
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About the book

Bounded Rationality

Understanding how we take economic decisions and how we depart from rational choice theory has become increasingly important to understanding the workings of the economy at all levels. The concept of bounded rationality has been central to that endeavour and is used in economic models to shed light on real-life behaviour, which has led to specific policy implications that would otherwise have gone unappreciated.

This introduction presents the key concepts and approaches adopted in the field of bounded rationality. The exposition is non-technical and free from any mathematical expressions and workings. The focus throughout is primarily on the behaviour of individuals or organizations within given situations rather than on macroeconomic concerns. The book examines how the field has evolved since its beginnings and assesses the strengths and weaknesses of its current research programme, including its relationship with behavioural economics.

The book is excellent preparatory reading for degree-level courses in economics as well as specific courses in behavioural economics and philosophy of economics.

The book, Bounded Rationality [Bulk, Wholesale, Quantity] ISBN#9781788212571 in Hardcover by Graham Mallard may be ordered in bulk quantities. Minimum starts at 25 copies. Availability based on publisher status and quantity being ordered.

Details

Publisher
Edinburgh University Press
Author
Graham Mallard
Format
Hardcover
Published
Jun 30, 2020
ISBN-13
9781788212571
ISBN-10
1788212576
Pages
128
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