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Models Of Bounded Rationality Empirically Grounded Economic Reason
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Book Synopsis Models of Bounded Rationality by : Univ Of Chicago
Download or read book Models of Bounded Rationality written by Univ Of Chicago and published by Mit Press. This book was released on 1997-07 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering alternative models based on such concepts as satisficing(acceptance of viable choices that may not be the undiscoverableoptimum) and bounded rationality (the limited extent to which rationalcalculation can direct human behavior), Simon shows concretely whymore empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, isneeded.
Book Synopsis Models of Bounded Rationality: Economic analysis and public policy by : Herbert Alexander Simon
Download or read book Models of Bounded Rationality: Economic analysis and public policy written by Herbert Alexander Simon and published by . This book was released on 1982 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Models of Bounded Rationality: Empirically grounded economic reason by : Herbert Alexander Simon
Download or read book Models of Bounded Rationality: Empirically grounded economic reason written by Herbert Alexander Simon and published by MIT Press. This book was released on 1997 with total page 486 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offering alternative models based on such concepts as satisficing (acceptance of viable choices that may not be the undiscoverable optimum) and bouded rationality (the limited extent to which rational calculation can direct human behaviour), Simon shows why more empirical research based on experiments and direct observation, rather than just statistical analysis of economic aggregates, is needed.
Book Synopsis Models of My Life by : Herbert A. Simon
Download or read book Models of My Life written by Herbert A. Simon and published by MIT Press. This book was released on 1996-10-08 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this candid and witty autobiography, Nobel laureate Herbert A. Simon looks at his distinguished and varied career, continually asking himself whether (and how) what he learned as a scientist helps to explain other aspects of his life. A brilliant polymath in an age of increasing specialization, Simon is one of those rare scholars whose work defines fields of inquiry. Crossing disciplinary lines in half a dozen fields, Simon's story encompasses an explosion in the information sciences, the transformation of psychology by the information-processing paradigm, and the use of computer simulation for modeling the behavior of highly complex systems. Simon's theory of bounded rationality led to a Nobel Prize in economics, and his work on building machines that think—based on the notion that human intelligence is the rule-governed manipulation of symbols—laid conceptual foundations for the new cognitive science. Subsequently, contrasting metaphors of the maze (Simon's view) and of the mind (neural nets) have dominated the artificial intelligence debate. There is also a warm account of his successful marriage and of an unconsummated love affair, letters to his children, columns, a short story, and political and personal intrigue in academe.
Author :Viswanathan Raghunathan Publisher :Penguin Random House India Private Limited ISBN 13 :9354926002 Total Pages :315 pages Book Rating :4.3/5 (549 download)
Book Synopsis Irrationally Rational by : Viswanathan Raghunathan
Download or read book Irrationally Rational written by Viswanathan Raghunathan and published by Penguin Random House India Private Limited. This book was released on 2022-04-30 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: You and your friend each have flights to catch at 8 p.m. and your destination cities are different. You decide to share a cab, but get caught in a rare traffic jam lasting several hours. You end up at the airport around midnight, and surely enough, both of you miss your flights. All quantifiable consequences of missing the flights-cost of tickets cancellation, paying for a new ticket, taking a cab back to the city, overnight stay, taking a cab back to the airport next morning, etc.-are expectedly identical for both. Now suppose the airline assistant tells you, 'Sorry, your flight left as scheduled at 8 p.m. sharp.' But your friend is told, 'Oh, how very unfortunate. Your flight was almost four hours late and only just departed!' Who feels the greater disappointment? You or your friend? Neoclassical economics tells us that because both individuals are assumed rational, their regret levels ought to be identical since their economic consequences are identical. Behavioural economists, however, combine psychology with economics, and focus on how real people, with their cognitive biases, actually behave. The friend who just missed the flight does indeed experience greater disappointment than the one who missed the flight by a margin of four hours. Does that make one or the other irrational? Irrationally Rational takes you through the journey of such rationality-irrationality arguments, showing why economics shorn of psychology may be incomplete. It is the first book of its kind, collating the works of ten Nobel Laureates largely responsible for the rise of behavioural economics, that makes understanding behavioural economics more fun and accessible.
Book Synopsis Handbook of Research on Environmental Taxation by : Janet E. Milne
Download or read book Handbook of Research on Environmental Taxation written by Janet E. Milne and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 529 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔIngeniously organized in a life cycle format, the Handbook covers environmental taxation concepts, design, acceptance, implementation, and impact. The universal themes discussed in each area will appeal to a broad range of readers.Õ Ð Larry Kreiser, Cleveland State University, US ÔThis book is a smart and useful readerÕs guide providing analytical tools for a full comprehension of environmental taxes, with an interdisciplinary approach that looks at all the different phases of environmental taxation: from the design to the implementation, the political acceptance and the impact on the economy. The authorsÕ effort is very successful in endowing academicians, policy makers and the general public with an excellent proof of the effectiveness of environmental taxes and green tax reforms.Õ Ð Alberto Majocchi, University of Pavia, Italy ÔPutting the words ÒenvironmentÓ next to ÒtaxationÓ might not always be the flavour of the month, but no modern society can ignore the value of the natural environment and the need to maintain its good quality and no competitive economy can prosper without the necessary tax revenues to function. Environmental taxation offers the prospect of moving towards a more resource-efficient economy, where preference is given to tax more what we burn, less what we earn. I welcome this contribution to the literature.Õ Ð Commissioner Connie Hedegaard, European Commission ÔThe Milne and Andersen volume provides a splendid treatment of environmental taxation that encompasses the basic conceptual issues, problems of tax design and implementation, and several insightful case studies that show how environmental taxes actually work in practice. It is the best overall treatment of environmental taxation available: comprehensive, rigorous, and readable.Õ Ð Wallace Oates, University of Maryland, US The Handbook of Research on Environmental Taxation captures the state of the art of research on environmental taxation. Written by 36 specialists in environmental taxation from 16 countries, it takes an interdisciplinary and international approach, focusing on issues that are universal to using taxation to achieve environmental goals. The Handbook explores the conceptual foundations of environmental taxation, essential elements for designing environmental tax measures, factors that influence the acceptance of environmental taxation, the variety of ways to implement environmental taxes, their environmental and economic impact and, finally, the larger question of the role of taxation among other policy approaches to environmental protection. Intermixing theory with case studies, the Handbook offers readers lessons that can be applied around the world. It identifies key bodies of research for people who are already working in the field or entering the field and highlights issues that call for more research in the future. With systematic analysis of key issues in environmental taxation, this book will appeal to researchers, governments, think tanks, NGOs, and academics in law, economics, political science and public finance, as well as students specializing in environmental taxation and other market-based instruments.
Book Synopsis Motivationally Intelligent Leadership: Emerging Research and Opportunities by : Brown Sr., Michael A.
Download or read book Motivationally Intelligent Leadership: Emerging Research and Opportunities written by Brown Sr., Michael A. and published by IGI Global. This book was released on 2017-08-10 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emotional intelligence serves as a valuable tool and knowledge base in the workplace. By creating empathic and trusting relationships, business environments can be not only more productive, but also positive and engaging. Motivationally Intelligent Leadership: Emerging Research and Opportunities is a valuable reference source that examines the necessary leadership traits to create positive partnerships and work ethic in business environments. Highlighting pertinent topics such as engaged interaction, team communication, and work motivation, this book is ideally designed for managers, professionals, researchers, students, and practitioners interested in the role of emotional intelligence in business leadership.
Book Synopsis Social Computing in Homeland Security: Disaster Promulgation and Response by : Ding, Amy Wenxuan
Download or read book Social Computing in Homeland Security: Disaster Promulgation and Response written by Ding, Amy Wenxuan and published by IGI Global. This book was released on 2009-03-31 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book presents a theoretical framework addressing how to enhance national response capabilities and ready the public in the presence of human-made or natural disasters"--Provided by publisher.
Book Synopsis Relational Methodologies and Epistemology in Economics and Management Sciences by : Biggiero, Lucio
Download or read book Relational Methodologies and Epistemology in Economics and Management Sciences written by Biggiero, Lucio and published by IGI Global. This book was released on 2016-01-18 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt: The social sciences, especially economics, management, and organizational science, are experiencing a tremendous renewed interest for their epistemological and methodological statutes, as witnessed by the many books and specialized journals established during the last two decades. Relational Methodologies and Epistemology in the Economics and Management Sciences identifies and presents the four main network-based methodologies including network analysis, Boolean network simulation modeling, artificial neural network simulation modeling, and agent-based simulation modeling in addition to their conceptual-epistemological implications and concrete applications within the social and natural sciences. Featuring a critical assessment of relational methodologies and their practical applications, this timely publication is ideal for use by corporate R&D departments, researchers, theorists, and graduate-level students.
Book Synopsis GIS - An Overview of Applications by : Ana Cláudia Teodoro
Download or read book GIS - An Overview of Applications written by Ana Cláudia Teodoro and published by Bentham Science Publishers. This book was released on 2018-04-02 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: GIS - An Overview of Applications is a compilation of reviews that give an overview of the latest advances in Geographic Information System (GIS) technology. The multidisciplinary nature of the book gives readers perspectives in research fields as diverse as forest management, land use and cover, tourism, environment impact assessment, climate change studies, biodiversity and health care and mobility studies. The book is a suitable reference for graduates involved in data engineering and GIS courses as well as working professionals in the field of data engineering, analysis and management.
Book Synopsis The Relational View of Economics by : Lucio Biggiero
Download or read book The Relational View of Economics written by Lucio Biggiero and published by Springer Nature. This book was released on 2022-02-02 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the development of a relational view of economics. Bringing together experts from various disciplines, it offers an interdisciplinary perspective on the study of relational transactions. In contrast to discrete market transactions as a traditional subject of economic discourse, the book analyses the role of relational transactions in the study of economic phenomena. The contributing authors address topics such as global intra- and inter-company networks, intersectoral stakeholder management, relational contracts, and transcultural management approaches. Accordingly, the book makes an important contribution to an emerging field of research.
Book Synopsis Information and Communication Technologies (ICT) in Economic Modeling by : Federico Cecconi
Download or read book Information and Communication Technologies (ICT) in Economic Modeling written by Federico Cecconi and published by Springer. This book was released on 2019-07-30 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the effects of integrating information and communication technologies (ICT) and economic processes in macroeconomic dynamics, finance, marketing, industrial policies, and in government economic strategy. The text explores modeling and applications in these fields and also describes, in a clear and accessible manner, the theories that guide the integration among information technology (IT), telecommunications, and the economy, while presenting examples of their applications. Current trends such as artificial intelligence, machine learning, and big data technologies used in economics are also included. This volume is suitable for researchers, practitioners, and students working in economic theory and the computational social sciences.
Book Synopsis Informed Insurance Choice? by : Leander D. Loacker
Download or read book Informed Insurance Choice? written by Leander D. Loacker and published by Edward Elgar Publishing. This book was released on 2015-04-30 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: The direction and clarity of the author's argument is commendably clear. Thus it is clear at the outset that he is mainly concerned with pre-contractual information duties as they affect consumers, and thus standard form contracts¢although, he argu
Book Synopsis New Concepts and Trends of Hybrid Multiple Criteria Decision Making by : Gwo-Hshiung Tzeng
Download or read book New Concepts and Trends of Hybrid Multiple Criteria Decision Making written by Gwo-Hshiung Tzeng and published by CRC Press. This book was released on 2017-08-15 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: When people or computers need to make a decision, typically multiple conflicting criteria need to be evaluated; for example, when we buy a car, we need to consider safety, cost and comfort. Multiple criteria decision making (MCDM) has been researched for decades. Now as the rising trend of big-data analytics in supporting decision making, MCDM can be more powerful when combined with state-of-the-art analytics and machine learning. In this book, the authors introduce a new framework of MCDM, which can lead to more accurate decision making. Several real-world cases will be included to illustrate the new hybrid approaches.
Book Synopsis Social, Cultural, and Behavioral Modeling by : Robert Thomson
Download or read book Social, Cultural, and Behavioral Modeling written by Robert Thomson and published by Springer Nature. This book was released on 2020-10-10 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the proceedings of the 13th International Conference on Social, Cultural, and Behavioral Modeling, SBP-BRiMS 2020, which was planned to take place in Washington, DC, USA. Due to the COVID-19 pandemic the conference was held online during October 18–21, 2020. The 33 full papers presented in this volume were carefully reviewed and selected from 66 submissions. A wide number of disciplines are represented including computer science, psychology, sociology, communication science, public health, bioinformatics, political science, and organizational science. Numerous types of computational methods are used, such as machine learning, language technology, social network analysis and visualization, agent-based simulation, and statistics.
Book Synopsis Artificial Intelligence, Evolutionary Computing and Metaheuristics by : Xin-She Yang
Download or read book Artificial Intelligence, Evolutionary Computing and Metaheuristics written by Xin-She Yang and published by Springer. This book was released on 2012-07-27 with total page 797 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alan Turing pioneered many research areas such as artificial intelligence, computability, heuristics and pattern formation. Nowadays at the information age, it is hard to imagine how the world would be without computers and the Internet. Without Turing's work, especially the core concept of Turing Machine at the heart of every computer, mobile phone and microchip today, so many things on which we are so dependent would be impossible. 2012 is the Alan Turing year -- a centenary celebration of the life and work of Alan Turing. To celebrate Turing's legacy and follow the footsteps of this brilliant mind, we take this golden opportunity to review the latest developments in areas of artificial intelligence, evolutionary computation and metaheuristics, and all these areas can be traced back to Turing's pioneer work. Topics include Turing test, Turing machine, artificial intelligence, cryptography, software testing, image processing, neural networks, nature-inspired algorithms such as bat algorithm and cuckoo search, and multiobjective optimization and many applications. These reviews and chapters not only provide a timely snapshot of the state-of-art developments, but also provide inspiration for young researchers to carry out potentially ground-breaking research in the active, diverse research areas in artificial intelligence, cryptography, machine learning, evolutionary computation, and nature-inspired metaheuristics. This edited book can serve as a timely reference for graduates, researchers and engineers in artificial intelligence, computer sciences, computational intelligence, soft computing, optimization, and applied sciences.
Book Synopsis Satisficing Games and Decision Making by : Wynn C. Stirling
Download or read book Satisficing Games and Decision Making written by Wynn C. Stirling and published by Cambridge University Press. This book was released on 2003-07-03 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: In our day-to-day lives we constantly make decisions which are simply 'good enough' rather than optimal. Most computer-based decision-making algorithms, on the other hand, doggedly seek only the optimal solution based on rigid criteria and reject any others. In this book, Professor Stirling outlines an alternative approach, using novel algorithms and techniques which can be used to find satisficing solutions. Building on traditional decision and game theory, these techniques allow decision-making systems to cope with more subtle situations where self and group interests conflict, perfect solutions can't be found and human issues need to be taken into account - in short, more closely modelling the way humans make decisions. The book will therefore be of great interest to engineers, computer scientists and mathematicians working on artificial intelligence and expert systems.
