Rational Choice and the Structure of the Environment.¶
Simon, H. A. 1. (1956). Rational Choice and the Structure of the Environment. Psychological Review, 63(2), 129-138.
Cited by¶
4 citations across 4 artifacts.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Bounded Rationality
- Fourth, the procedure's outputs must be compared not against an impossible global optimum but against feasible alternatives in the actual environment, measuring performance relative to environment-procedure fit.
This sourceEnvironment-structure fit; ecological foundations of bounded rationality; supports the claim that outputs must be evaluated against feasible alternatives in the actual environment (environment-procedure fit).
- Fourth, the procedure's outputs must be compared not against an impossible global optimum but against feasible alternatives in the actual environment, measuring performance relative to environment-procedure fit.
- Boundedness
- T5 — Bound as discovery versus bound as design choice.
This sourcecompanion to Simon (1955) — distinguishes bounds that are features of the environment (discovered constraints) from bounds set as design choices, each with different epistemic status and revision processes.
- T5 — Bound as discovery versus bound as design choice.
- Refinement
- Satisficing
- … experience; (2) searches through options sequentially rather than exhaustively, evaluating each option against the aspiration level; (3) terminates search upon finding an option that meets the aspiration level — accepting that option without evaluating whether better ones exist elsewhere in the option space
This sourceIntroduces the "satisfy + suffice" portmanteau; establishes the environment-fit framing — satisficing is rational given the structure of the environment. Seminal statement of ecologically rational decision-making. Cross-G3 B3 candidate: shared with bounded_rationality (#67) — verify dedup at B3.*
- … experience; (2) searches through options sequentially rather than exhaustively, evaluating each option against the aspiration level; (3) terminates search upon finding an option that meets the aspiration level — accepting that option without evaluating whether better ones exist elsewhere in the option space
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