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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

Język
Rok wydania
1997
Oprawa
(twarda)
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Tytuł
Models of Bounded Rationality. Volume 3
Podtytuł
Empirically Grounded Economic Reason
Język
angielski
Wydawca
MIT Press
Rok wydania
1997
Oprawa
twarda
ISBN10
0262193728
ISBN13
9780262193726
Seria
Ocena
4 z 5
Opis
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.