Advanced Introduction to Bounded Rationality
Jan 2023 · Edward Elgar Publishing
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Offering a concise and engaging overview of the concepts of bounded rationality and their applications, this stimulating Advanced Introduction engages with the topic in a constructively critical manner, introducing new ideas. Chapters cover key topics including: optimally imperfect decisions; ecological rationality; the role of bounded rationality in evolutionary economics; satisficing as a response to bounded rationality; desirable types of economic decisions; the relational exercise of foresight; and the impact of bounded rationality of the efficiency of organizations.
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Clement A. Tisdell, Professor Emeritus, School of Economics, The University of Queensland, Australia
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