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Models of Bounded Rationality. Volume 3

Empirically Grounded Economic Reason

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Offering alternative models based on such concepts as satisficing (acceptance of viable choices that may not be the undiscoverable optimum) and bouded rationality (the limited extent to which rational calculation can direct human behaviour), Simon shows why more empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, is needed.

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Models of Bounded Rationality. Volume 3, Herbert Alexander Simon

Sprache
Erscheinungsdatum
1997
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Titel
Models of Bounded Rationality. Volume 3
Untertitel
Empirically Grounded Economic Reason
Sprache
Englisch
Verlag
MIT Press
Erscheinungsdatum
1997
Einband
Hardcover
ISBN10
0262193728
ISBN13
9780262193726
Reihe
Bewertung
4 von 5 Sternen
Beschreibung
Offering alternative models based on such concepts as satisficing (acceptance of viable choices that may not be the undiscoverable optimum) and bouded rationality (the limited extent to which rational calculation can direct human behaviour), Simon shows why more empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, is needed.