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Transfer Of Knowledge In Economic Decision Making

by Daniel John Zizzo

ISBN 1403941548 / 9781403941541 / 1-4039-4154-8
Publisher Palgrave Macmillan
Language English
Edition Hardcover
List price $95.00
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Book summary

The book provides a new perspective on bounded rationality in decision-making. It aims to move our understanding from mere recognition that bounded rationality exists to an explanation of why it is so. In the real world people (labor, entrepreneurs, managers, investors, stock market traders, and policy makers) face novel decision problems all the time. The key question pertaining to decisions of economic agents then is: How do agends transfer their knowledge to a new context?
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