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Models of Bounded Rationality: Empirically Grounded Economic Reason Volume 3

£44.99

Product description

This hardback (grey cloth boards) is in very good condition. Its pages are clean, tight and unmarked. The book is complete with dust jacket, which is also in very good condition - with some slight edge wear.

Throughout Herbert Simon's wide-ranging career - in public administration, business administration, economics, cognitive psychology, philosophy, artificial intelligence, and computer science - his central aim has been to explain the nature of the thought processes that people use in making decisions. The third volume of Simon's collected papers continues this theme, bringing together work on this and other economics-related topics that have occupied his attention in the 1980s and 1990s: how to represent causal ordering formally in dynamic systems, the implications for society of new electronic information systems, employee and managerial motivation in the business firm (specifically the implications for economics of the propensity of human beings to identify with the goals of organizations), and the state of economics itself. 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 behaviour), Simon shows why more empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, is needed. The 27 articles, in five sections, each with an introduction by the author, examine the modelling of economic systems, technological change: information technology, motivation and the theory of the firm, and behavioural economics and bounded rationality.

Item details

Author(s):
Simon, Herbert A.
Condition:
Used: very good
Dimensions:
16 x 24 x 3 cm
Format:
Hardback
ISBN-10:
0262193728
ISBN-13:
9780262193726
Number of pages:
457
Publisher:
MIT Press (1997)

Standard UK Delivery £3.95 per order

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About this item

This hardback (grey cloth boards) is in very good condition. Its pages are clean, tight and unmarked. The book is complete with dust jacket, which is also in very good condition - with some slight edge wear.

Throughout Herbert Simon's wide-ranging career - in public administration, business administration, economics, cognitive psychology, philosophy, artificial intelligence, and computer science - his central aim has been to explain the nature of the thought processes that people use in making decisions. The third volume of Simon's collected papers continues this theme, bringing together work on this and other economics-related topics that have occupied his attention in the 1980s and 1990s: how to represent causal ordering formally in dynamic systems, the implications for society of new electronic information systems, employee and managerial motivation in the business firm (specifically the implications for economics of the propensity of human beings to identify with the goals of organizations), and the state of economics itself. 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 behaviour), Simon shows why more empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, is needed. The 27 articles, in five sections, each with an introduction by the author, examine the modelling of economic systems, technological change: information technology, motivation and the theory of the firm, and behavioural economics and bounded rationality.

Author(s):
Simon, Herbert A.
Condition:
Used: very good
Dimensions:
16 x 24 x 3 cm
Format:
Hardback
ISBN-10:
0262193728
ISBN-13:
9780262193726
Number of pages:
457
Publisher:
MIT Press (1997)

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