Bounded Rationality
The Adaptive Toolbox
$87.63
- Paperback
394 pages
- Release Date
26 July 2002
Summary
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 …
Book Details
| ISBN-13: | 9780262571647 |
|---|---|
| ISBN-10: | 0262571641 |
| Author: | Reinhard Selten, Gerd Gigerenzer |
| Publisher: | MIT Press Ltd |
| Imprint: | MIT Press |
| Format: | Paperback |
| Number of Pages: | 394 |
| Release Date: | 26 July 2002 |
| Weight: | 544g |
| Dimensions: | 229mm x 152mm x 20mm |
| Series: | Bounded Rationality |
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Critics Review
“Bounded Rationality constitutes a milestone in the development of a framework forunderstanding human cognition.” Robert Kurzban Contemporary Psychology
Bounded Rationality constitutes a milestone in the development of a framework for understanding human cognition.
– Robert Kurzban * Contemporary Psychology *About The Author
Reinhard Selten
Gerd Gigerenzer is Director at the Max Planck Institute for Human Development, Berlin. He is the author of Calculated Risks, among other books, and the coeditor of Bounded Rationality- The Adaptive Toolbox and Heuristics and the Law, both published by the MIT Press.The late Reinhard Selten was Professor at the University of Bonn and was a co-winner of the 1994 Nobel Prize in Economics.
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