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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

Jazyk
Rok vydania
1997
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Titul
Models of Bounded Rationality. Volume 3
Podtitul
Empirically Grounded Economic Reason
Jazyk
anglicky
Vydavateľ
MIT Press
Rok vydania
1997
Väzba
pevná
ISBN10
0262193728
ISBN13
9780262193726
Série
Hodnotenie
4 z 5
Anotácia
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.