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Public Management Review, 2020
We examine performance impact on management by investigating whether information on past organizational performance (‘performance feedback’) influences future managerial quality.
Sounman Hong, S. Kim, J. Son
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We examine performance impact on management by investigating whether information on past organizational performance (‘performance feedback’) influences future managerial quality.
Sounman Hong, S. Kim, J. Son
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Academy of Management Learning & Education, 2020
We examine why bounded rationality continues to be considered an inferior form of rationallity in the field of management and what this implies for business education and practice.
José Lejarraga, Maud Pindard-Lejarraga
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We examine why bounded rationality continues to be considered an inferior form of rationallity in the field of management and what this implies for business education and practice.
José Lejarraga, Maud Pindard-Lejarraga
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Philosophy Compass, 2007
Abstract The notion of bounded rationality has recently gained considerable popularity in the behavioural and social sciences. This article surveys the different usages of the term, in particular the way ‘anomalosus’ behavioural phenomena are elicited, how these phenomena are incorporated in model building, and what sort of new ...
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Abstract The notion of bounded rationality has recently gained considerable popularity in the behavioural and social sciences. This article surveys the different usages of the term, in particular the way ‘anomalosus’ behavioural phenomena are elicited, how these phenomena are incorporated in model building, and what sort of new ...
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2020
The theory of bounded rationality, proposed by Herbert A. Simon (1957), is a progenitor of the behavioral turn in modern economics. It provided a viable and realistic alternative to the idea of homo economic us and the optimality criterion of utility maximization. Simon called his alternative criterion satisficing, the decision-making process whereby a
Stefan Rass +3 more
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The theory of bounded rationality, proposed by Herbert A. Simon (1957), is a progenitor of the behavioral turn in modern economics. It provided a viable and realistic alternative to the idea of homo economic us and the optimality criterion of utility maximization. Simon called his alternative criterion satisficing, the decision-making process whereby a
Stefan Rass +3 more
+5 more sources
Rationality and Bounded Rationality
Games and Economic Behavior, 1997The author enumerates five objections against various economic models. In particular, he argues that there is no unified theory of bounded rationality, but that the development of computer science, complexity theory and so on created an intellectual climate conducive to the development of the theory of bounded rationality. Specially, the preparation of
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Polynomially Bounded Rationality
Journal of Economic Theory, 1994zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Rationalizing epistemic bounded rationality
Theory and Decision, 2014zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Bounded rationality in a P2P lending market
, 2020PurposeThis study seeks to provide a systematic analysis of bounded rationality expressed by individual lenders in a Peer-to-peer (P2P) lending market.Design/methodology/approach26,383 personal loan listings collected from Moneyauction in Korea, were ...
Dongwoo Kim
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Global Dynamics and Synchronization in a Duopoly Game with Bounded Rationality and Consumer Surplus
International Journal of Bifurcation and Chaos in Applied Sciences and Engineering, 2019Based on the oligopoly game theory, a dynamic duopoly Cournot model with bounded rationality and consumer surplus is established. On the one hand, the type and the stability of the boundary equilibrium points and the stability conditions of the Nash ...
Yinxia Cao +3 more
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2022
Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government. Bounded rationality recognizes that human behavior departs from the perfect rationality assumed by neoclassical economics. In this book, Sanjit Dhami and Cass R.
Sanjit Dhami, Cass R. Sunstein
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Two leaders in the field explore the foundations of bounded rationality and its effects on choices by individuals, firms, and the government. Bounded rationality recognizes that human behavior departs from the perfect rationality assumed by neoclassical economics. In this book, Sanjit Dhami and Cass R.
Sanjit Dhami, Cass R. Sunstein
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