Bounded rationality in decision-making:how cognitive shortcuts and professional values may interfere with market-based regulation
Saved in:
Main Authors: | |
---|---|
Published: |
Manchester University Press,
|
Publisher Address: | Manchester New York |
Publication Dates: | 2009. |
Literature type: | Book |
Language: | English |
Series: |
Issues in environmental politics |
Subjects: | |
Carrier Form: | x, 246 p.: ill. ; 23 cm. |
ISBN: |
9780719079924 (hbk.) 0719079926 (hbk.) |
Index Number: | F202 |
CLC: | F202 |
Call Number: | F202/N669 |
Contents: |
Includes bibliographical references (p. [224]-241) and index. Theoretical approaches to rational behaviour -- A positive model of bounded rationality : from the theoretical approaches to analytical model -- Research design -- The empirical setting : agriculture and environmental regulation -- Fertiliser application around optimal norms : effect of decision environment -- Information shortcuts and rules of thumb : how farmers make decisions on fertilisers -- Optimising or satisficing : when and what. Challenging standard economic models, this title shows how farmers tend to use cognitive shortcuts in their decision-making and how their professional pride frequently outweights profit considerations. |