Rational Decision-Making in Business Organizations.

Simon, H. A. 1. (1979). Rational Decision-Making in Business Organizations. American Economic Review, 69(4), 493-513.

Type

Journal article

Intellectual base

Primary research

Year

1979

Volume

69

Issue

4

Pages

493-513

Link

https://ideas.repec.org/a/aea/aecrev/v69y1979i4p493-513.html not authoritativefound

Cited from

behavioral_economics

Cited by

1 citation across 1 artifact.

Each citation links to the sentence it supports in the citing article.

Primes

• Satisficing
  • - Everyday life: Routine decisions — what to eat for lunch, what route to drive, what to wear — are dominated by satisficing, freeing cognitive resources for decisions that warrant optimization

    This sourceNobel-lecture exposition of bounded rationality and satisficing as the standard decision mode in complex organizations. Retrospective framing of the bounded-rationality research program.*

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