Bounded rationality in decision-making:how cognitive shortcuts and professional values may interfere with market-based regulation

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Bibliographic Details
Main Authors: Nielsen Helle (Helle ©rsted)
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.