Routledge Handbook of Bounded Rationality, Schwenkenbecher, Anne
Автор: Gigerenzer, Gerd Название: Bounded Rationality ISBN: 0262571641 ISBN-13(EAN): 9780262571647 Издательство: MIT Press Рейтинг: Цена: 8621.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book promotes bounded rationality as the key to understanding how real people make decisions.
This book addresses an intriguing question: are our decisions rational? It explains seemingly irrational human decision-making behavior by taking into account our limited ability to process information. It also shows with several examples that optimization under granularity restriction leads to observed human decision-making. Drawing on the Nobel-prize-winning studies by Kahneman and Tversky, researchers have found many examples of seemingly irrational decisions: e.g., we overestimate the probability of rare events.Our explanation is that since human abilities to process information are limited, we operate not with the exact values of relevant quantities, but with “granules” that contain these values. We show that optimization under such granularity indeed leads to observed human behavior. In particular, for the first time, we explain the mysterious empirical dependence of betting odds on actual probabilities.This book can be recommended to all students interested in human decision-making, to researchers whose work involves human decisions, and to practitioners who design and employ systems involving human decision-making —so that they can better utilize our ability to make decisions under uncertainty.
Автор: Mallard Название: Bounded Rationality and Behavioural Economics ISBN: 1138499749 ISBN-13(EAN): 9781138499744 Издательство: Taylor&Francis Рейтинг: Цена: 7348.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In the last forty years there has been an astonishing surge in our understanding of how people make economic decisions. This book examines the evolution of the two fields credited with such advances, behavioural economics and bounded rationality. It calls for a re-fusion of bounded rationality and behavioural economics, and will be of interest to both students and researcher.
Автор: Alistair Munro Название: Bounded Rationality and Public Policy ISBN: 9048181348 ISBN-13(EAN): 9789048181346 Издательство: Springer Рейтинг: Цена: 29209.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Gathering the work of experimental economists and applying it to the public realm, this work includes an appraisal of experimental evidence on anomalies such as the endowment effect and mental accounts. The author also considers optimal tax and benefit policy.
Автор: Rubinstein Ariel Et Al Название: Models Of Bounded Rationality And Mechanism Design ISBN: 9813141328 ISBN-13(EAN): 9789813141322 Издательство: World Scientific Publishing Цена: 15048.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
This book brings together the authors' joint papers from over a period of more than twenty years. The collection includes seven papers, each of which presents a novel and rigorous model in Economic Theory.
All of the models are within the domain of implementation and mechanism design theories. These theories attempt to explain how incentive schemes and organizations can be designed with the goal of inducing agents to behave according to the designer's (principal's) objectives. Most of the literature assumes that agents are fully rational. In contrast, the authors inject into each model an element which conflicts with the standard notion of full rationality, demonstrating how such elements can dramatically change the mechanism design problem.
Although all of the models presented in this volume touch on mechanism design issues, it is the formal modeling of bounded rationality that the authors are most interested in. A model of bounded rationality signifies a model that contains a procedural element of reasoning that is not consistent with full rationality. Rather than looking for a canonical model of bounded rationality, the articles introduce a variety of modeling devices that will capture procedural elements not previously considered, and which alter the analysis of the model.
The book is a journey into the modeling of bounded rationality. It is a collection of modeling ideas rather than a general alternative theory of implementation.
Автор: Currall Steven Christian, Spiegler Ran Название: Bounded Rationality and Industrial Organization ISBN: 0199334269 ISBN-13(EAN): 9780199334261 Издательство: Oxford Academ Рейтинг: Цена: 6334.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Grounded in key observations in consumer psychology, Bounded Rationality and Industrial Organization develops non-standard models of "boundedly rational" consumer behavior and embeds them into familiar models of markets.
Автор: Suren Basov Название: Social Norms, Bounded Rationality and Optimal Contracts ISBN: 9811010390 ISBN-13(EAN): 9789811010392 Издательство: Springer Рейтинг: Цена: 16070.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Chapter 1 Preface.- Part I Mechanism Design under Bounded Rationality.- Chapter 2 Introduction.- Chapter 3 Complexity constraints and mechanism design.- Chapter 4 Learning, probabilistic choice, and mechanism design.- Chapter 5 Some other models of mechanism design under bounded rationality.- Chapter 6 Conclusions.- Part II Social Norms and Mechanism Design.- Chapter 7 Peer Pressure and Agency Relationship.- Chapter 8 Statistical Mechanics of High Performing Working Systems.- Chapter 9 Optimal contracting in social environment.- Part III Lessons learnt and directions for future research.
Описание: Human Decisions Are Often Suboptimal: Phenomenon of Bounded Rationality.- Towards Explaining Other Aspects of Human Decision Making.- Towards Explaining Heuristic Techniques (Such as Fuzzy) in Expert Decision Making.- Decision Making Under Uncertainty and Restrictions on Computation Resources: From Heuristic to Optimal Techniques.- Conclusions and Future Work.
Автор: Spiegler, Ran Название: Bounded Rationality and Industrial Organization ISBN: 0195398718 ISBN-13(EAN): 9780195398717 Издательство: Oxford Academ Цена: 11246.00 р. Наличие на складе: Нет в наличии.
Описание: Grounded in key observations in consumer psychology, Bounded Rationality and Industrial Organization develops non-standard models of "boundedly rational" consumer behavior and embeds them into familiar models of markets.
Автор: Mallard Название: Bounded Rationality and Behavioural Economics ISBN: 1138790206 ISBN-13(EAN): 9781138790209 Издательство: Taylor&Francis Рейтинг: Цена: 22968.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: In the last forty years there has been an astonishing surge in our understanding of how people make economic decisions. This book examines the evolution of the two fields credited with such advances, behavioural economics and bounded rationality. It calls for a re-fusion of bounded rationality and behavioural economics, and will be of interest to both students and researcher.
Автор: Tamotsu Onozaki Название: Nonlinearity, Bounded Rationality, and Heterogeneity ISBN: 4431566376 ISBN-13(EAN): 9784431566373 Издательство: Springer Рейтинг: Цена: 11878.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book pursues a nonlinear approach in considering both chaotic dynamical models and agent-based simulation models of economics, as well as their dynamical behaviors. Three key concepts arising in this context are “nonlinearity,” “bounded rationality” and “heterogeneity,” which also make up the title of the book. Nonlinearity is the warp that runs throughout all models because systems that exhibit chaotic or other complex behavior in the absence of any exogenous disturbances are absolutely nonlinear. Bounded rationality constitutes the woof, because economic systems do not exhibit complex behavior if all agents are perfectly rational, as is usually assumed in neoclassical economics. Agents who are boundedly rational have to struggle to do their best with limited information and tend to adapt to their economic environment without knowing what is the best. Furthermore, the heterogeneity of firms or consumers dyes the fabric of complex dynamics woven from the warp and woof.
Описание: The special session on Decision Economics (DECON) is a scientific forum held annually, which is focused on sharing ideas, projects, research results, models, and experiences associated with the complexity of behavioural decision processes and socio?economic phenomena. In 2018, DECON was held at Campus Tecnol?gico de la F?brica de Armas, University of Castilla-La Mancha, Toledo, Spain, as part of the 15th International Conference on Distributed Computing and Artificial Intelligence. For the third consecutive year, this book have drawn inspiration from Herbert A. Simon’s interdisciplinary legacy and, in particular, is devoted to designs, models, and techniques for boundedly rational decisions, involving several fields of study and expertise. It is worth noting that the recognition of relevant decision?making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, small and international business management, operations, and production. Therefore, decision?making issues are of fundamental importance in all branches of economics addressed with different methodological approaches.As a matter of fact, the study of decision?making has become the focus of intense research efforts, both theoretical and applied, forming a veritable bridge between theory and practice as well as science and business organisations, whose pillars are based on insightful cutting?edge experimental, behavioural, and computational approaches on the one hand, and celebrating the value of science as well as the close relationship between economics and complexity on the other.In this respect, the international scientific community acknowledges Herbert A. Simon’s research endeavours to understand the processes involved in economic decision?making and their implications for the advancement of economic professions. Within the field of decision?making, indeed, Simon has become a mainstay of bounded rationality and satisficing. His rejection of the standard (unrealistic) decision?making models adopted by neoclassical economists inspired social scientists worldwide with the purpose to develop research programmes aimed at studying decision?making empirically, experimentally, and computationally. The main achievements concern decision?making for individuals, firms, markets, governments, institutions, and, last but not least, science and research. This book of selected papers tackles these issues that Simon broached in a professional career spanning more than sixty years. The Editors of this book dedicated it to Herb.
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