A Behavioral Model of Rational Choice

By Herbert A. Simon. 1955

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Citations in the corpus

Long short‐term memory networks for CSI300 volatility prediction with Baidu search volume (2018, background): “According to Herbert Simon, actors begin their decision-making process by attempting to gather information [17].”
Making the Most of Failure Experiences: Exploring the Relationship between Business Failure and the Identification of Business Opportunities (2016, background): “Additionally, multiple sources of information increase the likelihood that individuals will satisfice—search only until a “satisfactory” answer is found (Simon, 1955, 1956).”
The Theory-Based View: Economic Actors as Theorists (2017, unknown): “search of valuable opportunities, positions, or underpriced assets (Kirzner, 1997; Porter, 1996; Simon, 1955).”
Avoiding Future Regret in Purchase-Timing Decisions (2001, background): “From an economic perspective, purchasetiming decisions are simply a variant of an economic search task (Hey 1981, 1982; Simon 1955; Stigler 1961).”
The privacy paradox - Investigating discrepancies between expressed privacy concerns and actual online behavior - A systematic literature review (2017, background): “Some have explained this paradoxical behavior from a rational perspective by arguing that users weigh the cost-benefit ratio of online information disclosure both consciously and rationally (Simon, 1955).”
Rational Use of Cognitive Resources: Levels of Analysis Between the Computational and the Algorithmic (2015, background): “A recognition that human cognition necessarily involves making approximations or otherwise limiting rational solutions has been a common theme in psychological theory since Simon (1955) introduced the notion of “bounded rationality.””
Emerging paradigms of cognition in medical decision-making (2002, background): “In addition, decision-making and problemsolving research have common intellectual roots in that both were influenced by the seminal ideas of Simon’s conception of bounded rationality [43] and were given a certain impetus by the emergence of cognitive science in the 1950s [66].”
Dynamic Capabilities and the Role of Managers in Business Strategy and Economic Performance (2009, background): “For instance, although the idea of rules based or bounded rationality became associated with Simon (1955) and March and Simon (1958) (and then later embedded in Nelson and Winter (1982)), Schumpeter (1934, p.80) was early to recognize that bounded rationality is necessary for a theory of innovation…”