Models of Bounded Rationality, Volume 3: Empirically Grounded Economic Reason - Softcover

Simon, Herbert A. A.

 
9780262519434: Models of Bounded Rationality, Volume 3: Empirically Grounded Economic Reason
Softcover
ISBN 10: 0262519437 ISBN 13: 9780262519434
Publisher: MIT Press, 1997

Synopsis

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

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About the Author

Herbert Simon is Professor of Psychology at Carnegie-Mellon University. He was awarded the Nobel Prize in economics in 1978.

"About this title" may belong to another edition of this title.

Publisher
MIT Press
Publication date
1997
Language
English
ISBN 10 
0262519437
ISBN 13 
9780262519434
Binding
Paperback
Number of pages
476