Herbert A. Simon and the Concept of Rationality: Boundaries and Procedures

Herbert A. Simon e o conceito de racionalidade: Limites e procedimentos

Gustavo Barros

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Abstract: This paper discusses Herbert A. Simon's conception of rationality in two of its principal general definitions: bounded rationality and procedural rationality. It argues that the latter is the one that better synthesizes the author's view about rational behavior and that the former fills mainly a critical function. They are complementarily used by Simon in this sense. In spite of that, it is argued that it is the low degree of specificity of the concept of bounded rationality one of the reasons for its relatively greater success.

Keywords: Herbert A. Simon; bounded rationality; procedural rationality; racionalidade limitada; racionalidade procedimental (search for similar items in EconPapers)
Date: 2007
Note: View the original document on HAL open archive server: https://hal.science/hal-03018353
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Journal Article: Herbert A. Simon and the concept of rationality: Boundaries and procedures (2010)
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