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Bounded Rationality and Public Policy: A Perspective from Behavioural Economics

Bounded Rationality and Public Policy: A Perspective from Behavioural Economics

Paperback

Series: Economics of Non-Market Goods and Resources, Book 12

Business GeneralEconomicsInvesting & Finance

ISBN10: 9048181348
ISBN13: 9789048181346
Publisher: Springer Nature
Published: Oct 28 2010
Pages: 304
Weight: 1.05
Height: 0.71 Width: 6.14 Depth: 9.21
Language: English
This book is about bounded rationality and public policy. It is written from the p- spective of someone trained in public economics who has encountered the enormous literature on experiments in decision-making and wonders what implications it has for the normative aspects of public policy. Though there are a few new results or models, to a large degree the book is synthetic in tone, bringing together disparate literatures and seeking some accommodation between them. It has had a long genesis. It began with a draft of a few chapters in 2000, but has expanded in scope and size as the literature on behavioural economics has grown. At some point I realised that the geometric growth of behavioural - search and the arithmetic growth of my writing were inconsistent with an am- tion to be exhaustive. As such therefore I have concentrated on particular areas of behavioural economics and bounded rationality. The resulting book is laid out as follows: Chapter 1 provides an overview of the rest ofthe book, goes through some basic de?nitions and identi?es themes.

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