RATIONAL CHOICE THEORY OF DECISION MAKING BY HERBERT SIMON
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RATIONAL CHOICE THEORY OF DECISION MAKING BY HERBERT SIMON
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 ...
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