Bounded Rationality in Decision-Making: How Cognitive Shortcuts and Professional Values May Interfere with Market-Based Regulation (Issues in Environmental Politics) - Image 1

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Manchester University Press Bounded Rationality in Decision-Making: How Cognitive Shortcuts and Professional Values May Interfere with Market-Based Regulation (Issues in Environmental Politics)

Name: Bounded Rationality in Decision-Making: How Cognitive Shortcuts and Professional Values May Interfere with Market-Based Regulation (Issues in Environmental Politics)
Brand: Manchester University Press
Price: 60.0 GBP
Availability: InStock

Business & Economic History

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Description

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. -- .

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Product Specifications

Brand: Manchester University Press
Format: hardcover
ASIN: 0719079926
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 19 April 2010
Listed Since: 23 May 2009

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Manchester University Press Bounded Rationality in Decision-Making: How Cognitive Shortcuts and Professional Values May Interfere with Market-Based Regulation (Issues in Environmental Politics)

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