Models of Bounded Rationality: Economic Analysis and Public Policy

Paperback | April 26, 1984

byHerbert A. Simon

not yet rated|write a review

The Nobel Prize in Economics was awarded to Herbert Simon in 1978. At Carnegie-Mellon University he holds the title of Professor of Computer Science and Psychology. These two facts together delineate the range and uniqueness of his contributions in creating meaningful interactions among fields that developed in isolation but that are all concerned with human decision-making and problem-solving processes.In particular, Simon has brought the insights of decision theory, organization theory (especially as it applies to the business firm), behavior modeling, cognitive psychology, and the study of artificial intelligence to bear on economic questions. This has led not only to new conceptual dimensions for theoretical constructions, but also to a new humanizing realism in economics, a way of taking into account and dealing with human behavior and interactions that lie at the root of all economic activity.The sixty papers and essays contained in these two volumes are grouped under eight sections, each with a brief introductory essay. These are: Some Questions of Public Policy, Dynamic Programming Under Uncertainty; Technological Change; The Structure of Economic Systems; The Business Firm as an Organization; The Economics of Information Processing; Economics and Psychology; and Substantive and Procedural Reality.Most of Simon's papers on classical and neoclassical economic theory are contained in volume one. The second volume collects his papers on behavioral theory, with some overlap between the two volumes.The second edition of Simon's widely read and referenced The Sciences of the Artificial was published by The MIT Press 1981 and is available in both hardcover and paperback.

Pricing and Purchase Info

$70.95

In stock online
Ships free on orders over $25
HURRY, ONLY 1 LEFT!

From the Publisher

The Nobel Prize in Economics was awarded to Herbert Simon in 1978. At Carnegie-Mellon University he holds the title of Professor of Computer Science and Psychology. These two facts together delineate the range and uniqueness of his contributions in creating meaningful interactions among fields that developed in isolation but that are a...

Herbert Simon is Professor of Psychology at Carnegie-Mellon University. He was awarded the Nobel Prize in economics in 1978.

other books by Herbert A. Simon

The Sciences of the Artificial
The Sciences of the Artificial

Kobo ebook|Sep 26 1996

$45.49 online$59.04list price(save 22%)
Is Your Life Worth Half A Second
Is Your Life Worth Half A Second

Kobo ebook|Aug 17 2010

$7.69 online$9.99list price(save 23%)
Persuasion and Contemporary Culture: Second Edition
Persuasion and Contemporary Culture: Second Edition

Kobo ebook|Mar 1 2011

$80.79 online$104.92list price(save 22%)
see all books by Herbert A. Simon
Format:PaperbackDimensions:392 pages, 9 × 6 × 1 inPublished:April 26, 1984Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262690861

ISBN - 13:9780262690867

Look for similar items by category:

Customer Reviews of Models of Bounded Rationality: Economic Analysis and Public Policy

Reviews