MDA00-221 (40)

MDA00-221 (40) - HAZARD TAKING AND RATIONALITY OUTCOMES ARE...

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HAZARD TAKING , AND () OUTCOMES ARE CONCRETE AND MEASURABLE . . B OUNDED RATIONALITY . B ECAUSE THE PERFECTLY RATIONAL MANNEQUIN OF DECISION MAKING ISN T SENSIBLE , MANAGERS ARE INCLINED TO FUNCTION BENEATH ASSUMPTIONS OF BOUNDED RATIONALITY , WHICH IS DECISION - MAKING BEHAVIOR THAT ' S RATIONAL , HOWEVER RESTRICTED ( BOUNDED ) BY USING AN MAN OR WOMAN S POTENTIAL TO SYSTEM UNDERSTANDING . U NDER BOUNDED RATIONALITY , MANAGERS MAKE SATISFICING CHOICES , IN WHICH THEY TAKE DELIVERY OF SOLUTIONS THAT ARE GOOD SUFFICIENT .” M ANAGERS SELECTION MAKING MAY BE STRONGLY INFLUENCED BY WAY OF THE INSTITUTION S TRADITION , INNER POLITICS , VIGOUR CONCERNS , AND THROUGH A PHENOMENON
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  • Spring '12
  • NA
  • Flipism, Bounded rationality, Homo economicus

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