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Bounded Rationality and Politics

Pret: 628.00 RON
Disponibil in 14 zile!

Jonathan Bendor (Author)

Bounded Rationality and Politics

Editura: UNIV OF CALIFORNIA PR

Anul aparitiei: 2010

In Bounded Rationality and Politics, Jonathan Bendor considers two schools of behavioral economics--the first guided by Tversky and Kahneman's work on heuristics and biases, which focuses on the mistakes people make in judgment and choice; the second as described by Gerd Gigerenzer's program on fast and frugal heuristics, which emphasizes the effectiveness of simple rules of thumb. Finding each of these radically incomplete, Bendor's illuminating analysis proposes Herbert Simon's pathbreaking work on bounded rationality as a way to reconcile the inconsistencies between the two camps. Bendor shows that Simon's theory turns on the interplay between the cognitive constraints of decision makers and the complexity of their tasks.

  

Bounded Rationality and Politics

Pret: 269.00 RON
Disponibil in 14 zile!

Jonathan Bendor (Author)

Bounded Rationality and Politics

Editura: UNIV OF CALIFORNIA PR

Anul aparitiei: 2010

In Bounded Rationality and Politics, Jonathan Bendor considers two schools of behavioral economics--the first guided by Tversky and Kahneman's work on heuristics and biases, which focuses on the mistakes people make in judgment and choice; the second as described by Gerd Gigerenzer's program on fast and frugal heuristics, which emphasizes the effectiveness of simple rules of thumb. Finding each of these radically incomplete, Bendor's illuminating analysis proposes Herbert Simon's pathbreaking work on bounded rationality as a way to reconcile the inconsistencies between the two camps. Bendor shows that Simon's theory turns on the interplay between the cognitive constraints of decision makers and the complexity of their tasks.

  

A Behavioral Theory of Elections

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Jonathan Bendor (Author)

A Behavioral Theory of Elections

Editura: PRINCETON UNIV PR

Anul aparitiei: 2011

Most theories of elections assume that voters and political actors are fully rational. While thes

  

A Behavioral Theory of Elections

Pret: 284.00 RON
Disponibil in 14 zile!

Jonathan Bendor (Author)

A Behavioral Theory of Elections

Editura: PRINCETON UNIV PR

Anul aparitiei: 2011

Most theories of elections assume that voters and political actors are fully rational. While these formulations produce many insights, they also generate anomalies--most famously, about turnout. The rise of behavioral economics has posed new challenges to the premise of rationality. This groundbreaking book provides a behavioral theory of elections based on the notion that all actors--politicians as well as voters--are only boundedly rational. The theory posits learning via trial and error: actions that surpass an actor's aspiration level are more likely to be used in the future, while those that fall short are less likely to be tried later. Based on this idea of adaptation, the authors construct formal models of party competition, turnout, and voters' choices of candidates. These models predict substantial turnout levels, voters sorting into parties, and winning parties adopting centrist platforms. In multiparty elections, voters are able to coordinate vote choices on majority-preferred candidates, while all candidates garner significant vote shares. Overall, the behavioral theory and its models produce macroimplications consistent with the data on elections, and they use ...

  
 
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