Journals Higher Education

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256 Pages

8.5 x 5.4 inches

ISBN: 9780719079924


Bookseller Code (06)

Cover

Bounded rationality in decision-making

How cognitive shortcuts and professional values may interfere with market-based regulation

Helle Nielsen

Published by Manchester University Press

Issues in Environmental Politics MUP

  • Shows how farmers tend to use cognitive shortcuts and how professional pride frequently trumps profit considerations when farmers make decisions The scientific findings are relevant for the design of environmental policy which increasingly builds on a rational economic logic The methodological approach of this book is original
  • It examines and demonstrates bounded rationality in a field setting, i
  • e
  • outside the cognitive laboratories where many of the deviations from fully rational theory have been uncovered Contains a comprehensive and state-of-the-art review of the main approaches to rationality theory, which would be of value across the social sciences Challenging standard economic theory, this book shows that even business-oriented actors use shortcuts and deviate significantly from the decision making models implied by the fully rational ideal of economic man
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