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Bounded rationality / Graham Mallard.
- Format:
- Book
- Author/Creator:
- Mallard, Graham, 1982- author.
- Series:
- Economy, key ideas.
- Economy, key ideas
- Language:
- English
- Subjects (All):
- Decision making.
- Economics--Mathematical models.
- Economics.
- Physical Description:
- 1 online resource (111 pages)
- Place of Publication:
- Newcastle Helix, Newcastle upon Tyne : Agenda Publishing, [2020]
- Summary:
- This short book introduces the field of bounded rationality, fundamental to understanding how economic decisions are made, to a beginning readership in economics.
- Contents:
- Cover
- Title Page
- Dedication
- Copyright Page
- Contents
- Acknowledgements
- 1. Different conceptions of decision-making
- The schism
- Rationality: complete and bounded
- Causes of bounded rationality
- Bounded rationality and behavioural economics
- The structure of what follows
- 2. A brief history of bounded rationality
- The marginal revolution
- Growing discontent in economics
- A widening interest in bounded rationality
- A deepening interest in bounded rationality
- 3. Approaches of non-optimization
- Satisficing search
- Heuristic use
- Probability responding
- Applications of finite automata
- 4. Approaches of optimization with additional constraints
- Constraining information
- Constraining processing
- Constraining responses
- 5. Concluding thoughts
- The value of bounded rationality
- The limitations of bounded rationality
- The future of bounded rationality
- The message of bounded rationality
- Glossary
- Index.
- Notes:
- Description based on print version record.
- Includes index.
- Other Format:
- Print version: Mallard, Graham Bounded Rationality
- ISBN:
- 9781788213486
- 1788213483
- OCLC:
- 1314610192
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