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Bounded Rationality and Public Policy

Bounded Rationality and Public Policy A Perspective from Behavioural Economics

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The Economics of Non-Market Goods and Resources

Bounded Rationality and Public Policy

A Perspective from Behavioural Economics

Alistair Munro

Business & Economics / General

This book is about bounded rationality and public policy. It is written from the p- spective of someone trained in public economics who has encountered the enormous literature on experiments in decision-making and wonders what implications it has for the normative aspects of public policy. Though there are a few new results or models, to a large degree the book is synthetic in tone, bringing together disparate literatures and seeking some accommodation between them. It has had a long genesis. It began with a draft of a few chapters in 2000, but has expanded in scope and size as the literature on behavioural economics has grown. At some point I realised that the geometric growth of behavioural - search and the arithmetic growth of my writing were inconsistent with an am- tion to be exhaustive. As such therefore I have concentrated on particular areas of behavioural economics and bounded rationality. The resulting book is laid out as follows: Chapter 1 provides an overview of the rest ofthe book, goes through some basic de?nitions and identi?es themes.

Publication Date: 28 October 2010
Publisher: Springer Netherlands
Imprint: Springer
ISBN-13: 9789048181346
Format: Paperback softback
Page Count: 304

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