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Bounded Rationality and Policy Diffusion

By WEYLAND

Item #9780691129747

31.95
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Kurt Weyland is Professor in the Department of Government, College of Liberal Arts.
View author's profile here.

Through an in-depth analysis of pension and health reform in Bolivia, Brazil, Costa Rica, El Salvador, and Peru, Weyland demonstrates that decision-makers are captivated by neat, bold, cognitively available models. And rather than thoroughly assessing the costs and benefits of external models, they draw excessively firm conclusions from limited data and overextrapolate from spurts of success or failure. Indications of initial success can thus trigger an upsurge of policy diffusion.

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