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February 1, 1955The Quarterly Journal of Economics15,597 citations

A Behavioral Model of Rational Choice

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HSHerbert A. Simon

Key Points

  • This paper examines the foundational aspects and dynamics of rational choice theory.
  • Discusses general features and essential simplifications of rational choice.
  • Analyzes the existence and uniqueness of solutions to rational choice problems.
  • Comments on the dynamics involved in rational decision-making.
  • Provides insights into how rational choices are made under different conditions.
  • Establishes frameworks for understanding unique solutions in rational choice contexts.

Abstract

Introduction, 99. — I. Some general features of rational choice, 100.— II. The essential simplifications, 103. — III. Existence and uniqueness of solutions, 111. — IV. Further comments on dynamics, 113. — V. Conclusion, 114. — Appendix, 115.

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Cite This Study

Herbert A. Simon (1955) studied this question.

synapsesocial.com/papers/69bf8ca76a803ce397957601https://doi.org/10.2307/1884852
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