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Bounded Rationality The Adaptive Toolbox

Hardcover • 2002 • English

Bounded Rationality The Adaptive Toolbox

By Gerd Gigerenzer, Reinhard Selten

0 Ratings • 0.0 of 5

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About the book

In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational decision making in economics, cognitive science, biology, and other fields largely ignore these real constraints and instead assume agents with perfect information and unlimited time. About forty years ago, Herbert Simon challenged this view with his notion of "bounded rationality." Today, bounded rationality has become a fashionable term use...Show more

Psychological theory, systems, schools and viewpoints
Behavioural economics
International economics

Book details

ISBN

9780262571647

Publisher

MIT Press

Published year

2002

Language

English

Original title

Bounded Rationality The Adaptive Toolbox

Format

Hardcover

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