Bounded Rationality And Politics
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Bounded Rationality And Politics
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Author : Jonathan B. Bendor
language : en
Publisher: Univ of California Press
Release Date : 2010
Bounded Rationality And Politics written by Jonathan B. Bendor and has been published by Univ of California Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
"Bendor's Bounded Rationality and Politics provides an adept and illuminating critique of existing theories while also introducing new models and concepts that are sure to remain part of the conversation for generations to come. This book will reinvigorate the field of political science."--Daniel P. Carpenter, Harvard University "Bendor's scholarship is top drawer. Excellent. These essays are not only intellectually deep, but also engaging and powerful."--Scott Page, University of Michigan
Politics And The Architecture Of Choice
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Author : Bryan D. Jones
language : en
Publisher: University of Chicago Press
Release Date : 2001-05
Politics And The Architecture Of Choice written by Bryan D. Jones and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-05 with Business & Economics categories.
Politics and the Architecture of Choice draws on work in political science, economics, cognitive science, and psychology to offer an innovative theory of how people and organizations adapt to change and why these adaptations don't always work. Our decision-making capabilities, Jones argues, are both rational and adaptive. But because our rationality is bounded and our adaptability limited, our actions are not based simply on objective information from our environments. Instead, we overemphasize some factors and neglect others, and our inherited limitations—such as short-term memory capacity—all act to affect our judgment. Jones shows how we compensate for and replicate these limitations in groups by linking the behavioral foundations of human nature to the operation of large-scale organizations in modern society. Situating his argument within the current debate over the rational choice model of human behavior, Jones argues that we should begin with rationality as a standard and then study the uniquely human ways in which we deviate from it.
Bounded Rationality And Politics
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Author : Jonathan B. Bendor
language : en
Publisher:
Release Date : 2010
Bounded Rationality And Politics written by Jonathan B. Bendor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Philosophy categories.
"Bendor's "Bounded Rationality and Politics" provides an adept and illuminating critique of existing theories while also introducing new models and concepts that are sure to remain part of the conversation for generations to come. This book will reinvigorate the field of political science."--Daniel P. Carpenter, Harvard University "Bendor's scholarship is top drawer. Excellent. These essays are not only intellectually deep, but also engaging and powerful."--Scott Page, University of Michigan
Bounded Rationality
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Author : Sanjit Dhami
language : en
Publisher: MIT Press
Release Date : 2022-07-12
Bounded Rationality written by Sanjit Dhami and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-12 with Business & Economics categories.
Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government. Bounded rationality recognizes that human behavior departs from the perfect rationality assumed by neoclassical economics. In this book, Sanjit Dhami and Cass R. Sunstein explore the foundations of bounded rationality and consider the implications of this approach for public policy and law, in particular for questions about choice, welfare, and freedom. The authors, both recognized as experts in the field, cover a wide range of empirical findings and assess theoretical work that attempts to explain those findings. Their presentation is comprehensive, coherent, and lucid, with even the most technical material explained accessibly. They not only offer observations and commentary on the existing literature but also explore new insights, ideas, and connections. After examining the traditional neoclassical framework, which they refer to as the Bayesian rationality approach (BRA), and its empirical issues, Dhami and Sunstein offer a detailed account of bounded rationality and how it can be incorporated into the social and behavioral sciences. They also discuss a set of models of heuristics-based choice and the philosophical foundations of behavioral economics. Finally, they examine libertarian paternalism and its strategies of “nudges.”
The Economic Approach To Politics
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Author : Kristen R. Monroe
language : en
Publisher: Addison Wesley Publishing Company
Release Date : 1991
The Economic Approach To Politics written by Kristen R. Monroe and has been published by Addison Wesley Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
Bounded Rationality And Policy Diffusion
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Author : Kurt Weyland
language : en
Publisher: Princeton University Press
Release Date : 2009-02-09
Bounded Rationality And Policy Diffusion written by Kurt Weyland and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-09 with Political Science categories.
Why do very different countries often emulate the same policy model? Two years after Ronald Reagan's income-tax simplification of 1986, Brazil adopted a similar reform even though it threatened to exacerbate income disparity and jeopardize state revenues. And Chile's pension privatization of the early 1980s has spread throughout Latin America and beyond even though many poor countries that have privatized their social security systems, including Bolivia and El Salvador, lack some of the preconditions necessary to do so successfully. In a major step beyond conventional rational-choice accounts of policy decision-making, this book demonstrates that bounded--not full--rationality drives the spread of innovations across countries. When seeking solutions to domestic problems, decision-makers often consider foreign models, sometimes promoted by development institutions like the World Bank. But, as Kurt Weyland argues, policymakers apply inferential shortcuts at the risk of distortions and biases. Through an in-depth analysis of pension and health reform in Bolivia, Brazil, Costa Rica, El Salvador, and Peru, Weyland demonstrates that decision-makers are captivated by neat, bold, cognitively available models. And rather than thoroughly assessing the costs and benefits of external models, they draw excessively firm conclusions from limited data and overextrapolate from spurts of success or failure. Indications of initial success can thus trigger an upsurge of policy diffusion.
Models Of Imperfect Information In Politics
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Author : R. Calvert
language : en
Publisher: Taylor & Francis
Release Date : 2013-06-17
Models Of Imperfect Information In Politics written by R. Calvert and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06-17 with Business & Economics categories.
Surveys the models of political phenomena that incorporate imperfect information, concentrating on 'full-rationality' approaches as opposed to bounded rationality models.
The Social Construction Of Rationality
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Author : Onno Bouwmeester
language : en
Publisher: Taylor & Francis
Release Date : 2017-03-16
The Social Construction Of Rationality written by Onno Bouwmeester and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-03-16 with Business & Economics categories.
There are many different forms of rationality. In current economic discourse the main focus is on instrumental rationality and optimizing, while organization scholars, behavioural economists and policy scientists focus more on bounded rationality and satisficing. The interplay with value rationality or expressive rationality is mainly discussed in philosophy and sociology, but never in an empirical way. This book shows that not one, but three different forms of rationality (subjective, social and instrumental) determine the final outcomes of strategic decisions executed by major organizations. Based on an argumentation analysis of six high-profile public debates, this book adds nuance to the concept of bounded rationality. The chapters show how it is socially constructed, and thus dependent on shared beliefs or knowledge, institutional context and personal interests. Three double case studies investigating the three rationalities illustrate how decision makers and stakeholders discuss the appropriateness of these rationalities for making decisions in different practice contexts. The first touches more on personal concerns, like wearing a niqab or looking at obscene art exposed in a public environment; the second investigates debates on improving the rights and position of specific minorities; and the third is based on the agreement on instrumental reasons for two kinds of investments, but the cost arguments are regarded less relevant when social norms or personal interests are violated. The Social Construction of Rationality is for those who study political economy, economic psychology and public policy, as well as economic theory and philosophy.
A Behavioral Theory Of Elections
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Author : Jonathan Bendor
language : en
Publisher: Princeton University Press
Release Date : 2011-02-06
A Behavioral Theory Of Elections written by Jonathan Bendor and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-06 with Business & Economics categories.
Most theories of elections assume that voters and political actors are fully rational. This title provides a behavioral theory of elections based on the notion that all actors - politicians as well as voters - are only boundedly rational.
Bounded Rationality And Economic Diplomacy
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Author : Lauge N. Skovgaard Poulsen
language : en
Publisher: Cambridge University Press
Release Date : 2017-04-06
Bounded Rationality And Economic Diplomacy written by Lauge N. Skovgaard Poulsen and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-06 with Political Science categories.
Modern investment treaties give private arbitrators power to determine whether governments should pay compensation to foreign investors for a wide range of sovereign acts. In recent years, particularly developing countries have incurred significant liabilities from investment treaty arbitration, which begs the question why they signed the treaties in the first place. Through a comprehensive and timely analysis, this book shows that governments in developing countries typically overestimated the economic benefits of investment treaties and practically ignored their risks. Rooted in insights on bounded rationality from behavioural psychology and economics, the analysis highlights how policy-makers often relied on inferential shortcuts when assessing the implications of the treaties, which resulted in systematic deviations from fully rational behaviour. This not only sheds new light on one of the most controversial legal regimes underwriting economic globalization but also provides a novel theoretical account of the often irrational, yet predictable, nature of economic diplomacy.