Research Catalog

Bounded rationality and economic evolution : a contribution to decision making, economics, and management

Title: Bounded rationality and economic evolution : a contribution to decision making, economics, and management / Clem Tisdell.
Author: Tisdell, C. A. (Clement Allan)
Publication: Cheltenham, UK ; Brookfield, Vt. : Edward Elgar Pub., [1996], ©1996.

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Status	Format	Access	Call Number	Item Location
Request for On-site Use Request Scan How do I pick up this item and when will it be ready?	Text	Request in advance	HB135 .T57 1996	Off-site

Description

xv, 336 pages : illustrations; 25 cm

Summary

This seminal work advances beyond neoclassical economics to provide an integrated overview of the implications for economic decision making and the management of bounded rationality and its evolutionary consequences.
Professor Tisdell successfully combines recent developments in learning and game theory, transaction costs and evolutionary economics to provide new insights into economic and managerial phenomena. The results are applied to different levels of decision making, including decisions by individuals, taking into account learning possibilities, decisions by groups and economic organizations including optimal communication within organizations.
Bounded Rationality and Economic Evolution will be of particular use to economists, academics in management, business administration and public administration, and social scientists interested in group behaviour.

Subject

Bibliography (note)

Contents

1. Bounded Rationality and Economic Evolution: Broad Implications for Economics and Management -- 2. Concepts of Rationality as Foundations of Economic Theory -- 3. Further Views on the Role and Concept of Rationality in Economics -- 4. Rules Versus Discretion in Decision Making: Micro and Macro Applications -- 5. Planning, Learning and Decisions: Flexibility and Retention of Options -- 6. Certainty Equivalence and Bias in the Management of Production -- 7. Learning by Doing and Productivity Progress -- 8. Group Rationality and Behaviour -- 9. Optimal Slack and Efficient Budgeting within Organizations -- 10. Information Transmission and Optimal Advice for Groups -- 11. Transfer Pricing and the Management of Multidivisional Firms -- 12. Game Theory and Group Behaviour -- 13. Symbiosis, Assistance and Cooperation in Business -- 14. Values, Preferences, Economic Choice and Welfare -- 15. Concepts of Economic Efficiency: Measurement and Limitations --
16. Market Transaction Costs, Economic Welfare and Management -- 17. Incomplete Markets for Science, Technology and Knowhow: Problems Raised by Transaction Costs and Policy Implications -- 18. Science and Technology Policy, and Evolutionary Economics -- 19. Concluding Observations on Economic Evolution, Diversity and Rationality.

ISBN

1858983525

LCCN

96015867

OCLC

ocm34544861

Owning Institutions

Columbia University Libraries