Bounded Rationality in Decision-Making: How Cognitive Shortcuts and Professional Values May Interfere with Market-Based Regulation

Author:   Helle Nielsen ,  Mikael Anderssen ,  Duncan Liefferink ,  Bethan Hirst
Publisher:   Manchester University Press
ISBN:  

9780719079924


Pages:   256
Publication Date:   19 April 2010
Format:   Hardback
Availability:   Temporarily unavailable   Availability explained
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Bounded Rationality in Decision-Making: How Cognitive Shortcuts and Professional Values May Interfere with Market-Based Regulation


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Overview

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. -- .

Full Product Details

Author:   Helle Nielsen ,  Mikael Anderssen ,  Duncan Liefferink ,  Bethan Hirst
Publisher:   Manchester University Press
Imprint:   Manchester University Press
Dimensions:   Width: 13.80cm , Height: 2.50cm , Length: 21.60cm
Weight:   0.454kg
ISBN:  

9780719079924


ISBN 10:   0719079926
Pages:   256
Publication Date:   19 April 2010
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Availability:   Temporarily unavailable   Availability explained
The supplier advises that this item is temporarily unavailable. It will be ordered for you and placed on backorder. Once it does come back in stock, we will ship it out to you.

Table of Contents

Preface 1. Introduction 2. Theoretical approaches to rational behaviour 3. A positive model of bounded rationality: From theoretical approaches to analytical model 4. Research design 5. The empirical setting - agriculture and environmental regulation 6. Fertiliser application around optimal norms: effect of decision environment 7. Information shortcuts and rules of thumb: How farmers make decisions on fertilisers 8. Optimising or satisficing: when and what 9. Conclusion: Money also matters Appendix: List of features of the farmers interviewed for the qualitative analysis References -- .

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Author Information

Helle Nielsen is a Social Scientist in policy analysis at the National Environmental Research Institute, Aarhus University -- .

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