Explain and analyses rational choice theory of decision making by Herbert Simon. 3 phases of rational decision making process, concepts of ‘bounded rationality’ and ‘ satisficing’, and features of rational decision making are explained in brief. Pros and cons of the rational choice theory and other prominent contributors in field of organizational decision making are also discussed.
Part of exam help guide videos for Political science students.
The author is masters from London School of Economics and Political Science and academic enthusiasts.
Негізгі бет RATIONAL CHOICE THEORY OF DECISION MAKING BY HERBERT SIMON
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