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On How to Decide What to Do

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Author Info

  • Herbert A. Simon

Abstract

Economics, which has traditionally been concerned with what decisions are made rather than with how they are made, has more and more reason to interest itself in the procedural aspects of decision, especially to deal with uncertainty, and more generally, with nonequilibrium phenomena. A number of approaches to procedural rationality have been developed in such fields as operations research and management science, artificial intelligence, computational complexity, and cognitive simulation which might be of considerable value to economics as it moves in this new direction.

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Bibliographic Info

Article provided by The RAND Corporation in its journal Bell Journal of Economics.

Volume (Year): 9 (1978)
Issue (Month): 2 (Autumn)
Pages: 494-507

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Handle: RePEc:rje:bellje:v:9:y:1978:i:autumn:p:494-507

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Cited by:
  1. Sadok Mansour, 2007. "Modelisation Du Risque Dans Les Methodologies D'Audit : Apport Des De La Psychometrie," Post-Print halshs-00543217, HAL.
  2. Faucheux, Sylvie & Froger, Geraldine & Noel, Jean-Francois, 1995. "What forms of rationality for sustainable development?," The Journal of Socio-Economics, Elsevier, vol. 24(1), pages 169-209.
  3. Itzhak Gilboa & David Schmeidler, 1989. "Infinite Histories and Steady Orbits in Repeated Games," Discussion Papers 846, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  4. Sterman, John, 1984. "An integrated theory of the economic long wave," Working papers 1563-84., Massachusetts Institute of Technology (MIT), Sloan School of Management.
  5. Day, Richard H. & Hanson, Kenneth A., 1985. "Adaptive Economizing, Technological Change, and the Demand for Labor in Disequilibrium," Working Paper Series 144, Research Institute of Industrial Economics.
  6. Truchon, M., 1988. "Programmation Mathematique Et Theorie Economique," Cahiers de recherche 8811, Université Laval - Département d'économique.
  7. Patrick Gianfaldoni & Nadine Richez-Battesti & Jean-Robert Alcaras & Jean-Noël Ory & Nathalie Dompnier & François Rousseau & Mireille Jaeger & Emmanuelle Gurtner & Laurent Ducau, 2008. "La gouvernance partenariale des Banques coopératives françaises," Working Papers hal-00501816, HAL.
  8. Sterman, John., 1983. "A simple model of the economic long wave," Working papers 1422-83., Massachusetts Institute of Technology (MIT), Sloan School of Management.
  9. Joshua M. Epstein, 2007. "Agent-Based Computational Models and Generative Social Science," Introductory Chapters, in: Generative Social Science Studies in Agent-Based Computational Modeling Princeton University Press.
  10. Alessandro Lanteri & Chiara Chelini & Salvatore Rizzello, 2008. "An Experimental Investigation of Emotions and Reasoning in the Trolley Problem," Journal of Business Ethics, Springer, vol. 83(4), pages 789-804, December.

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