Cover image for Bounded Rationality and Politics.
Bounded Rationality and Politics.
Title:
Bounded Rationality and Politics.
Author:
Bendor, Jonathan.
ISBN:
9780520945517
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (236 pages)
Series:
Wildavsky Forum Series ; v.6

Wildavsky Forum Series
Contents:
Cover -- Title Page -- Copyright -- Dedication -- Contents -- Figures -- Preface -- Chapter 1 - Introduction -- Chapter 2 - Herbert A. Simon: Political Scientist -- Chapter 3 - Satisficing: A Pretty Good Heuristic -- Chapter 4 - A Model of Muddling Through -- Chapter 5 - The Perfect is the Enemy of the Best: Adaptive versus Optimal Organizational Reliability -- Chapter 6 - Garbage Can Theory -- Chapter 7 - Institutions and Individuals -- Notes -- References -- Index.
Abstract:
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.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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