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Bounded Rationality in Decision-Making: How Cognitive Shortcuts and Professional

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Book Title
Bounded Rationality in Decision-Making: How Cognitive Shortcuts a
Publication Date
2010-04-19
Pages
256
ISBN
9780719079924

Über dieses Produkt

Product Identifiers

Publisher
Manchester University Press
ISBN-10
0719079926
ISBN-13
9780719079924
eBay Product ID (ePID)
73488567

Product Key Features

Number of Pages
256 Pages
Language
English
Publication Name
Bounded Rationality in Decision-Making : How Cognitive Shortcuts and Professional Values May Interfere with Market-Based Regulation
Subject
Public Policy / Agriculture & Food Policy (See Also Social Science / Agriculture & Food), Public Policy / General, Public Affairs & Administration, Decision-Making & Problem Solving, Sociology / General, Development / Economic Development, Economics / Theory
Publication Year
2010
Type
Textbook
Subject Area
Political Science, Social Science, Education, Business & Economics
Author
Helle Nielsen
Series
Issues in Environmental Politics Ser.
Format
Hardcover

Dimensions

Item Height
0.1 in
Item Weight
0.1 Oz
Item Length
0.1 in
Item Width
0.1 in

Additional Product Features

Intended Audience
College Audience
Dewey Edition
22
Illustrated
Yes
Dewey Decimal
330.019
Table Of Content
Preface 1. Introduction 2. Theoretical approaches to rational behaviour 3. A positive model of bounded rationality: From theoretical approaches to analytical model 4. Research design 5. The empirical setting - agriculture and environmental regulation 6. Fertiliser application around optimal norms: effect of decision environment 7. Information shortcuts and rules of thumb: How farmers make decisions on fertilisers 8. Optimising or satisficing: when and what 9. Conclusion: Money also matters Appendix: List of features of the farmers interviewed for the qualitative analysis References
Synopsis
Challenging standard economic models, this book shows how farmers tend to use cognitive shortcuts and how professional pride frequently trumps profit considerations when farmers make decisions about fertilizers and other types of decisions., Challenging standard economic models, this book shows how farmers tend to use cognitive shortcuts in their decision-making and how their professional pride frequently outweighs profit considerations. This indicates that environmental regulation based on economic incentives may not be as effective as economic theorists and ex ante policy analysts maintain.Rather than assuming that regulations respond to incentive-based policies, this book examines the ways in which they do. Bounded rationality in decision-making has typically been studied in a laboratory setting, but this book uses original empirical research to demonstrate how bounded rationality plays out in the real world, examining the responses of Danish farmers to fertiliser regulation and their decision-making processes.The book will be of interest to a broad range of scholars within the fields of public policy, public administration, political science, behavioural economics and sociology. -- ., Challenging standard economic models, this book shows how farmers tend to use cognitive shortcuts in their decision-making and how their professional pride frequently outweighs profit considerations. This indicates that environmental regulation based on economic incentives may not be as effective as economic theorists and ex ante policy analysts maintain. Rather than assuming that regulations respond to incentive-based policies, this book examines the ways in which they do. Bounded rationality in decision-making has typically been studied in a laboratory setting, but this book uses original empirical research to demonstrate how bounded rationality plays out in the real world, examining the responses of Danish farmers to fertiliser regulation and their decision-making processes. The book will be of interest to a broad range of scholars within the fields of public policy, public administration, political science, behavioural economics and sociology.
LC Classification Number
HB74.P8

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