Bounded Rationality in Decision-Making
How Cognitive Shortcuts and Professional Values May Interfere with Market-Based Regulation
- 256 pages
- 9 hours of reading
Focusing on the decision-making processes of farmers, the book reveals that they often rely on cognitive shortcuts and prioritize professional pride over profit. This behavior challenges conventional economic models and suggests that environmental regulations based solely on economic incentives may not achieve the desired effectiveness. The insights provided could reshape the understanding of farmer behavior and inform future policy-making strategies.
