The DOI matches its Crossref record; 8 of the 11 references it cites were found in a registry or an index.
Bounded Rationality
Abstract
The term ‘bounded rationality’ is used to designate rational choice that takes into account the cognitive limitations of the decision-maker — limitations of both knowledge and computational capacity. Bounded rationality is a central theme in the behavioural approach to economics, which is deeply concerned with the ways in which the actual decision–making process influences the decisions that are reached.
Overview
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
In the citing paper
“Despite their reputation for undermining optimal decision-making, biases can actually reflect optimal decisions within a particular socio-environmental context under cognitive constraints such as memory, computation or experience [98][99][100][101][102] .”
From Machine culture (2023) · cites this paper as [99]
In the citing paper
“Irrespective of their origin, the effects of biases on culture tend to strengthen through repeated transmission 99,104,105 .”
From Machine culture (2023) · cites this paper as [99]
Citations
Cites
An Evolutionary Theory of Economic Change
Berkowitz, M. K., Nelson, R. R., & Winter, S. G. (1983) · Southern Economic Journal · doi:10.2307/1058233 · Cited by 10,888
A Behavioral Theory of the Firm
Day, R. H., Cyert, R. M., March, J. G., Clarkson, Cohen, Feigenbaum, D., Greenberg, Moore, Soelberg, Starbuck, et al. (1964) · Econometrica · doi:10.2307/1913056 · Cited by 8,023
Williamson, O. E. (1975) · Cited by 6,810
A Behavioral Theory of the FirmPreprint
Cyert, R. M., & March, J. G. (1963) · SSRN Electronic Journal · Cited by 6,490
Newell, A. (1972) · Cited by 6,222
Simon, H. A. (1997) · The MIT Press eBooks · doi:10.7551/mitpress/4711.001.0001 · Cited by 4,900
Self-citationThe Foundations of Statistics.
Good, I. J., & Savage, L. J. (1955) · Journal of the Royal Statistical Society Series A (General) · doi:10.2307/2343133 · Cited by 4,764
Judgment and choice: The psychology of decision
Goitein, B. J. (1989) · International Journal of Forecasting · doi:10.1016/0169-2070(89)90072-1 · Cited by 209
Cited by
Sorted by citations
Items 701–718 of 718
Shin, J., Kim, S., & Ko, J. (2026) · Transport Policy · doi:10.1016/j.tranpol.2026.104313
Emotions Recognition Systems and Data Economy
Confortini, C. (2025) · Springer eBooks · doi:10.1007/978-3-031-93247-2_7
Cognitive Biases in Group Decision-Making – Raising Awareness through a Collaborative Serious Game
Schlick, S., Witschel, H. F., & Stampfli, C. (2026) · Complex Systems Informatics and Modeling Quarterly · doi:10.7250/csimq.2026-47.02
Making Climate Consequences Clear: Explainable AI for Policy Simulation
Widmann, E., & Michahelles, F. (2026) · IFIP advances in information and communication technology · doi:10.1007/978-3-032-34044-3_8
Introduction: The Imperative of Hybrid Intelligence in Digital Governance
Alibašić, H. (2026) · Public administration and information technology · doi:10.1007/978-3-032-28086-2_1
The co-evolution of market structure and product architecture
Frenken, K., & Romagnoli, M. (2026) · Industrial and Corporate Change · doi:10.1093/icc/dtag047
Pan, Y., & Xia, F. (2026) · Journal of Rural Studies · doi:10.1016/j.jrurstud.2026.104364
Top Management Commitment and IT-Enabled Supply Chain Innovation
Chen, X., Zhou, Y., Liu, Y. D., Shuang, G., & Sun, J. (2026) · Journal of Organizational and End User Computing · doi:10.4018/joeuc.418935
Strategic Decision-Making Using Artificial Intelligence
Saura, J. R., Debasa, F., & Zekan, S. B. (2026) · Contributions to management science · doi:10.1007/978-3-032-22360-9_5
Crispeels, T., Moortel, K. D., Gruber, M., & Guerrero, M. (2026) · The Journal of Technology Transfer · doi:10.1007/s10961-026-10372-5
Yang, G., Yue, M., Jin, S., Coles, D. G. H., & Frewer, L. J. (2026) · Sustainability · doi:10.3390/su18178731
Incivility Among Politicians: Driven by Rational Minds or Personal Drives?
Poljak, Ž., & Maes, B. J. (2026) · The International Journal of Press/Politics · doi:10.1177/19401612261477641
Salza, G., & Triventi, M. (2026) · Social Forces · doi:10.1093/sf/soag130
Early Clinical Mediation in End-of-Life Disputes: A Procedural Justice Analysis
Lioupi, O. (2026) · Health Care Analysis · doi:10.1007/s10728-026-00599-6
The role of adjudication procedures in judicial timeliness: quasi-experimental evidence
Melcarne, A., Ramello, G. B., & Skiba, P. M. (2026) · Journal of Institutional Economics · doi:10.1017/s1744137426100824
Exploring Futures of Hospitality Technology
Choirisa, S. F., Tussyadiah, I. P., & Ling, E. C. (2026) · Springer proceedings in business and economics · doi:10.1007/978-3-032-23925-9_18
Mutual Adaptation and Influence: Review of Latent Dynamics Models in Human–Robot Interaction
Smith, M. S., Amatya, S., Soltanian, S. Y., Bush, J., & Zhang, W. (2026) · Advanced Robotics Research · doi:10.1002/adrr.202500194
Human-AI Collaboration and Cognitive Augmentation
Tran, D. L. A., & Dinh, L. N. (2026) · Advances in computational intelligence and robotics book series · doi:10.4018/979-8-2600-1488-2.ch012
Metadata
- Authors
- Simon, H. A.
- Corresponding author
- Simon, Herbert A.
- Venue
- Utility and Probability
- Publisher
- Palgrave Macmillan UK
- Published
- 1990
- Pages
- 15-18
- OpenAlex
- W4249761288
- Cited by
- 705
- References
- 11
- Citations by year
- 2026: 68 · 2025: 100 · 2024: 113 · 2023: 105 · 2022: 96 · 2021: 66 · 2020: 66 · 2019: 12 · 2018: 5 · 2017: 7 · 2016: 7 · 2015: 7 · 2014: 5 · 2013: 4 · 2012: 3
- FWCI
- 4.16
- Type
- book chapter
- Language
- en
- Open access
- closed
- Locations
- Palgrave Macmillan UK eBooks (publishedVersion)
- Topics
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Theory and Institutions
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Experimental Behavioral Economics Studies
- Keywords
- bounded rationality, rational choice, cognitive limitations, computational power, behavioral economics, decision-making, limits of knowledge
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
