This article reconstructs Franco Modigliani’s and Herbert Simon’s close collaboration over the 1950s on implementation of a decision theory under uncertainty that partly contributed to the genesis of behavioral economics and rational expectations theory. Their collaboration reveals how the...

In innovation, the role of aesthetics is important, possibly paramount, but this factor is not reflected in mainstream innovation theory and research. The paper suggests that aesthetics, supported by serendipity, imagination, and creativity constitute the core, i.e., the “soul” of...

L’économie et les sciences sociales utilisent fréquemment la notion de rationalité, les travaux

While the field(s) of management theory and the history of modern ideas in management, business education and organizations have many different intellectual roots, the Carnegie Mellon Behavioral trio (James March, Herbert Simon and Richard Cyert) who founded the behavioral perspective on...

The paper discusses some fundamental features of the 'Simonian' research program in microeconomics and compare them with two streams of thought which find their roots into Simon's pathbreaking work since the '50s and '60s, namely Transaction Cost Economics and Evolutionary Economics. One argues...

How many judgment and decision making (JDM) researchers have not claimed to be building on Herbert Simon's work? We identify two of Simon's goals for JDM research: He sought to understand people's decision processes---the descriptive goal---and studied whether the same processes lead to good...

This paper provides an overview of the work of Herbert Simon and his ideas about rational decision making. By his own standards, Simon is an economist who works in the tradition of Adam Smith and Alfred Marshall. The central theme in Simon’s research is how human beings organize themselves in...

Dès lors que l'on s'intéresse aux comportements individuels et que l'on adopte implicitement une démarche d'individualisme méthodologique, le recours à une hypothèse de rationalité individuelle est nécessaire. A côté de l'hypothèse traditionnelle de rationalité dite "substantielle"...

One of the main achievements of Herbert A. Simon in organizational theory is analytically evaluating the psychology of individual and collective behavior thus opening the ground for further research D. Kahneman, and T. Schelling. This article provides an assessment of the contributions of...