The late Clement A. Tisdell, formerly Professor Emeritus, School of Economics, The University of Queensland, Australia
‘This book is essential reading for those interested in bounded
rationality as a framework to understand economic decision making.
This well-written book explains how Herbert Simon’s original
insight of bounded rationality underlies some of the most basic
concepts of economics including constrained optimization,
satisficing, and the cross-cultural regularities in human decision
making uncovered by behavioral economics.’
*John Gowdy, Rensselaer Polytechnic Institute, US*
‘This is a very scholarly and comprehensive look at bounded
rationality, a core subject in the behavioural sciences. . .
Essential reading. . . It provides an unusually balanced view of
the subject.’
*Konstantinos Katsikopoulos, University of Southampton, UK*
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