Bounded Rationality
Format: Paperback
ISBN13: 9780262543705
Paperback|9780262543705
✨ Featured Offer
Brand New
$19.72
List Price: $60.00
🚚
See all 5 offers from $19.72 FREE standard delivery by: 31 Mar 2026
Overview
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."
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."
| ISBN-13 | 9780262543705 |
|---|---|
| ISBN-10 | 0262543702 |
| Weight | 1.45 Pounds |
| Dimensions | 6.00 x 0.96 x 9.00 In |
| List Price | $60.00 |
| Format | Paperback |
|---|---|
| Pages | 552 pages |
| Publisher | The MIT Press |
| Published On | 2022-07-12 |
View All Offers
Sort by:
Price
Condition
Seller
Seller Comments
Price
✨ Brand New
Seller details
Powell's Books Chicago
Chicago, IL, USA
Free delivery by: 31 Mar 2026
Brand New
Seller details
spellbound
McKeesport, PA, USA
Free delivery by: 31 Mar 2026
Used, Good
Seller details
Bonita
Santa Clarita, CA, USA
Access codes and supplements are not guaranteed with used items. May be an ex-library book.
Free delivery by: 31 Mar 2026
Used, Like New
Seller details
Beans Books, Inc
Westlake, OH, USA
Size: 5x0x9; New with remainder mark.
Free delivery by: 31 Mar 2026
Brand New
Seller details
Bonita
Santa Clarita, CA, USA
Free delivery by: 31 Mar 2026