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.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
