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Rational Choice and Managerial Decision-Making

By Shih, Willy

This note discusses Herbert Simon's notion of bounded rationality: how managers may sometimes make suboptimal choices because of their limited ability to access or process information.

Collection: HBSP (USA)

Ref: HBS-614048-E

Format: PDF

Number of pages: 8

Publication Date: Jan 13, 2014

Language: English

Review date: Nov 2, 2015

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Description

This note discusses Herbert Simon's notion of bounded rationality: how managers may sometimes make suboptimal choices because of their limited ability to access or process information.

Year: Event Year Start:2000

Geographic Setting: Geographic Setting:United States

Industry Setting: Industry Setting:Express delivery

Rational Choice and Managerial Decision-Making

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Rational Choice and Managerial Decision-Making

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