... 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.--dust Jacket. 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. Clem Tisdell. Includes Bibliographical References (p. 325-326) And Index.

Tisdell, C. A. (Clement Allan)

Clement Allan Tisdell

Cheltenham, UK ; Brookfield, Vt., US: Edward Elgar

United Kingdom and Ireland, United Kingdom

Cheltenham (UK), cop. 1996

Cheltenham, UK, c1966

[curator]associate-jye-afamasaga@archive.org[/curator][date]20220712163944[/date][state]approved[/state][comment]Fixed by Innodata[/comment]

Includes bibliographical references and index.

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.

xv, 336 p. : 24 cm
Includes bibliographical references and index

2023-06-28