Bounded Rationality in Decision-Making - How Cognitive Shortcuts Professional Values May Interfere With

Informationen zum Autor Helle Nielsen is a Social Scientist in policy analysis at the National Environmental Research Institute, Aarhus University Klappentext Challenging standard economic models, this book shows how farmers tend to use cognitive shortcuts in their decision-making and how their professional pride frequently outweighs profit considerations. This indicates that environmental regulation based on economic incentives may not be as effective as economic theorists and ex ante policy analysts maintain. Rather than assuming that regulations respond to incentive-based policies, this book examines the ways in which they do. Bounded rationality in decision-making has typically been studied in a laboratory setting, but this book uses original empirical research to demonstrate how bounded rationality plays out in the real world, examining the responses of Danish farmers to fertiliser regulation and their decision-making processes. The book will be of interest to a broad range of scholars within the fields of public policy, public administration, political science, behavioural economics and sociology. Zusammenfassung Challenging standard economic models! this book shows how farmers tend to use cognitive shortcuts and how professional pride frequently trumps profit considerations when farmers make decisions about fertilizers and other types of decisions. -- . Inhaltsverzeichnis Preface1. Introduction2. Theoretical approaches to rational behaviour3. A positive model of bounded rationality: From theoretical approaches to analytical model4. Research design5. The empirical setting - agriculture and environmental regulation6. Fertiliser application around optimal norms: effect of decision environment7. Information shortcuts and rules of thumb: How farmers make decisions on fertilisers8. Optimising or satisficing: when and what 9. Conclusion: Money also mattersAppendix: List of features of the farmers interviewed for the qualitative analysisReferences...

Product details

• Authors: Helle Nielsen, Nielsen Helle
• Assisted by: Mikael Anderssen (Editor), Duncan Liefferink (Editor)
• Publisher: Manchester University Press
• Languages: English
• Product format: Hardback
• Released: 19.04.2010
• EAN: 9780719079924
• ISBN: 978-0-7190-7992-4
• No. of pages: 256
• Series: Issues in Environmental Politics; Issues in Environmental Politi; Issues in Environmental Politics; Issues in Environmental Politi
• Subjects: Social sciences, law, business > Political science > Political science and political education; BUSINESS & ECONOMICS / Economics / General, POLITICAL SCIENCE / Political Process / General, POLITICAL SCIENCE / Political Ideologies / Democracy, MATHEMATICS / Game Theory, Political structures: democracy, Behavioural economics, Economic systems and structures, Economic systems & structures, Decision theory: general, BUSINESS & ECONOMICS / Economics / Social & Behavioral, Political structures / systems: democracy