Elgar Advanced Introductions are stimulating and thoughtful
introductions to major fields in the social sciences, business and
law, expertly written by the world's leading scholars. Designed to
be accessible yet rigorous, they offer concise and lucid surveys of
the substantive and policy issues associated with discrete subject
areas. Offering an engaging overview of the concepts of bounded
rationality and their applications, this stimulating Advanced
Introduction engages with the topic in a constructively critical
manner to introduce new ideas. Chapters cover key topics including:
optimally imperfect decisions; ecological rationality; the role of
bounded rationality in evolutionary economics; satisficing as a
response to bounded rationality; desirable types of economic
decisions; the relational exercise of foresight; and the impact of
bounded rationality on the efficiency of organizations. Key
Features: Demonstrates the progress made in the field over the last
century Presents a unique, succinct and useful coverage of the core
issues in the topic Outlines different concepts of rationality and
specifies factors that result in limited rationality Postgraduate
and advanced undergraduate economics and business management
students will find this a stimulating read. The easy-to-follow
exposition of the topic and careful use of diagrams will also make
this an interesting book for decision makers, business managers and
policy makers who have studied economics or business
administration.
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