Book description
In this fourth edition of his ground-breaking work, Herbert A. Simon applies his pioneering theory of human choice and administrative decision-making to concrete organizational problems. To commemorate the fiftieth anniversary of the book's original publication, Professor Simon enhances his timeless observations on the human decision-making process with commentaries examining newā¦
Why read it?
1 author picked Administrative Behavior as one of their favorite books. Why do they recommend it?
To a large extent, the research agenda that is subsumed under the rubric of ābehavioral economicsā started with the idea of bounded rationality and the departures from the utility maximizing model of economics.
Many of the ideas pursued in this line of work owe their origin to the work of Herbert Simon, whose doctorate was in political science from Chicago in 1943 but who was awarded the Nobel Prize in Economics in 1978 for combining ideas from mathematics, psychology, economics, and computer science to understand decision making in large organizations. This is not to suggest that none of this wasā¦
From Ananish's list on emotions and economic decisions.
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