This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own …’s research is how human beings organize themselves in different structures of distributed decision making in order to achieve a … view on rational decision making in economics and other social sciences. …

. Behind the debate, it is argued, lies a fundamental different idea of how human decision-making is to be understood and …

the experiment. Hence for so-called induced budget experiments the Generalized Axiom of Revealed Preference is a necessary …

verdict. In this experiment we examine the relationship between evidence of which the strength is known, subjective … acquired. Roughly half of the participants do not base their decision on a subjective belief of the probability of guilt. The …