Economics and Rationality of organizations: an approach to the work of Herbert A. Simon

One of the main achievements of Herbert A. Simon in organizational theory is analytically evaluating the psychology of individual and collective behavior thus opening the ground for further research D. Kahneman, and T. Schelling. This article provides an assessment of the contributions of Simon's theory of organizations with special emphasis on the criterion of bounded rationality. It is interpreted Simon's criticism of the orthodox version of organizational bureaucracy and extends his analysis to the new institutional economics.

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Year of publication:	2010-04-01
Authors:	Estrada, Fernando
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Economic theory \| organizations \| Herbert Simon \| bounded rationality \| Kahneman \| Schelling \| decision theory

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	B10 - History of Economic Thought through 1925. General ; A1 - General Economics ; B4 - Economic Methodology ; G3 - Corporate Finance and Governance ; B15 - Historical; Institutional ; L2 - Firm Objectives, Organization, and Behavior ; D8 - Information and Uncertainty ; C72 - Noncooperative Games ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; B1 - History of Economic Thought through 1925 ; C7 - Game Theory and Bargaining Theory ; A10 - General Economics. General ; G30 - Corporate Finance and Governance. General ; D0 - Microeconomics. General ; D7 - Analysis of Collective Decision-Making ; B41 - Economic Methodology
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008543791