 Economics at the Graduate School of Industrial Administration (GSIA) in PittsburghChapter Chapter 4 in Economic Theory in the Twentieth Century, An Intellectual History—Volume III, 2024, pp 155-175 from Springer Abstract: Abstract The chapter deals with economics at the Graduate School of Industrial Administration in Pittsburg, built by Herbert Simon, one of the most influential scientists of the twentieth century, into an interdisciplinary research institution which made important contributions to behavioral economics, as well as operations research, experimental economics and theories of the firm. In particular the chapter examines Simon’s foundation of a behaviorist-institutionalist economics from Administrative Behaviour, the book where Simon shows how organizations can be understood in terms of their decision processes and formulates the concept of bounded rationality, to the more positive and formal characterization of the mechanisms of choice under conditions of bounded rationality in his successive contributions where the critique of neoclassical theory became more explicit. Keywords: Behavioral economics; H. Simon; Administrative Behavior; Behavioral model of rational choice; Bounded rationality; Substantive rationality; Procedural rationality (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-50222-4_4 Ordering information: This item can be ordered from DOI: 10.1007/978-3-031-50222-4_4 Access Statistics for this chapter More chapters in Springer Books from Springer |
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