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In Bounded Rationality and Politics, Jonathan Bendor considers two schools of behavioral economics-the first guided by Tversky and Kahneman's work on heuristics and biases, which focuses on the mistakes people make in judgment and choice; the second as described by Gerd Gigerenzer's program on fast and frugal heuristics, which emphasizes the effectiveness of simple rules of thumb. Finding each of these radically incomplete, Bendor's illuminating analysis proposes Herbert Simon's pathbreaking work on bounded rationality as a way to reconcile the inconsistencies between the two camps. Bendor shows that Simon's theory turns on the interplay between the cognitive constraints of decision makers and the complexity of their tasks.

Social sciences --- Organizational behavior --- Decision making --- Social philosophy --- Social theory --- Behavior in organizations --- Management --- Organization --- Psychology, Industrial --- Social psychology --- Deciding --- Decision (Psychology) --- Decision analysis --- Decision processes --- Making decisions --- Management decisions --- Choice (Psychology) --- Problem solving --- Philosophy. --- Political aspects. --- Simon, Herbert A. --- Simon, Herbert Alexander, --- Simon, H. A. --- Saimengshi, --- Ximeng, Hebote, --- Ximeng, He'erbote A., --- Saimon, Hābāto A., --- Saimon, H. A., --- Sīmūn, Hirbirt A., --- سيمون، هربرت ا. --- Methodology of economics --- Organization theory --- behavioral economics. --- bounded rationality. --- cognitive constraints. --- combined school of thought. --- complex decisions. --- criticism. --- decision makers. --- decision making. --- economic theory. --- economics. --- engaging. --- essays. --- existing scholarship. --- fast and frugal. --- gigerenzer. --- heuristics and biases. --- human behavior. --- human condition. --- judgment and choice. --- mistakes of judgment. --- nonfiction studies. --- political. --- politics. --- rules of thumb. --- textbooks. --- theoretical. --- tversky and kahneman.