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On How to Decide What to Do

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Author Info
Herbert A. Simon

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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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File URL: http://links.jstor.org/sici?sici=0361-915X%28197823%299%3A2%3C494%3AOHTDWT%3E2.0.CO%3B2-G&origin=repec
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Publisher 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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  1. Ajeet Mathur, 2004. "Missing markets in world trade the case for 'Sui generis," Indian Council for Research on International Economic Relations, New Delhi Working Papers 141, Indian Council for Research on International Economic Relations, New Delhi, India. [Downloadable!]
  2. 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. [Downloadable!]
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  3. Sterman, John, 1984. "An integrated theory of the economic long wave," Working papers 1563-84., Massachusetts Institute of Technology (MIT), Sloan School of Management. [Downloadable!]
  4. 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. [Downloadable!] (restricted)
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