Humanities & Social Sciences
Bounded rationality in decision-making
How cognitive shortcuts and professional values may interfere with market-based regulation
by Helle Nielsen, Mikael Anderssen, Duncan Liefferink
Description
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. ;
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Endorsements
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. -
Author Biography
Helle Nielsen is a Social Scientist in policy analysis at the National Environmental Research Institute, Aarhus University; Duncan Liefferink is Senior Researcher at the Department of Political Sciences of the Environment at Radboud University Nijmegen, The Netherlands
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View all titlesBibliographic Information
- Publisher Manchester University Press
- Publication Date April 2010
- Orginal LanguageEnglish
- ISBN/Identifier 9780719079924
- Publication Country or regionUnited Kingdom
- FormatHardback
- Primary Price 90 USD
- Pages256
- ReadershipCollege/higher education; Professional and scholarly
- Publish StatusPublished
- Dimensions216 X 138 Millimeters
- Illustration12 figures included in ms, separate files supplied for each one. Data is supplied in excel files for all 8 graphs & 4 simple line drawings are supplied as word documents. Checked by GT, no problems, he recommends we get them all redrawn.
- SeriesIssues in Environmental Politics
- Reference CodeIPR5065
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