Bounded Rationality (Paperback)

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Idioma: inglés

Editorial: MIT Press Ltd, 2022

0262543702 / 9780262543705

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Paperback. Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government.Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government.Bounded rationality recognizes that human behavior departs from the perfect rationality assumed by neoclassical economics. In this book, Sanjit Dhami and Cass R. Sunstein explore the foundations of bounded rationality and consider the implications of this approach for public policy and law, in particular for questions about choice, welfare, and freedom. The authors, both recognized as experts in the field, cover a wide range of empirical findings and assess theoretical work that attempts to explain those findings. Their presentation is comprehensive, coherent, and lucid, with even the most technical material explained accessibly. They not only offer observations and commentary on the existing literature but also explore new insights, ideas, and connections.After examining the traditional neoclassical framework, which they refer to as the Bayesian rationality approach (BRA), and its empirical issues, Dhami and Sunstein offer a detailed account of bounded rationality and how it can be incorporated into the social and behavioral sciences. They also discuss a set of models of heuristics-based choice and the philosophical foundations of behavioral economics. Finally, they examine libertarian paternalism and its strategies of "nudges." "An accessible and self-contained treatment of the current state of thinking about rationality in economics and other social sciences"-- Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.…

Título
Bounded Rationality (Paperback)
Autor
Sanjit Dhami
Editorial
MIT Press Ltd
Año de publicación
2022
Estado
new
Encuadernación
Paperback
Idioma
inglés
ISBN 10
0262543702
ISBN 13
9780262543705

AussieBookSeller

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Vendedor de 5 estrellas

Vendedor de IberLibro desde 22 de junio de 2007

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ArtículoDe 25 a 45 días hábilesDe 8 a 14 días hábiles
Primer artículoEUR 33,57EUR 39,92
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