Models of Bounded Rationality
E54410
Models of Bounded Rationality is a collection of Herbert A. Simon’s influential works that develop the concept of bounded rationality, explaining how real-world decision-making is constrained by limited information, cognitive capacity, and time.
All labels observed (3)
| Label | Occurrences |
|---|---|
| Modeling Bounded Rationality | 1 |
| Models of Bounded Rationality canonical | 1 |
| bounded rationality | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T431701 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Models of Bounded Rationality Context triple: [Herbert A. Simon, notableWork, Models of Bounded Rationality]
-
A.
expected utility theory (with John von Neumann)
Expected utility theory (with John von Neumann) is a foundational framework in economics and decision theory that models how rational agents make choices under uncertainty by maximizing the expected value of a utility function.
-
B.
Theory of Games and Economic Behavior
Theory of Games and Economic Behavior is a foundational 1944 book by John von Neumann and Oskar Morgenstern that established game theory as a rigorous mathematical framework for analyzing strategic decision-making in economics.
-
C.
Rubinstein bargaining model
The Rubinstein bargaining model is a foundational game-theoretic framework that analyzes how two parties reach agreement over time through alternating offers under the influence of impatience and strategic delay.
-
D.
On Equilibrium
On Equilibrium is a philosophical work by John Ralston Saul that explores the importance of balancing key human qualities—such as reason, ethics, and common sense—to create a more humane and democratic society.
-
E.
Nash bargaining solution
The Nash bargaining solution is a foundational concept in game theory that defines a fair and efficient outcome for two-party bargaining problems based on axioms of rationality and symmetry.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Models of Bounded Rationality Target entity description: Models of Bounded Rationality is a collection of Herbert A. Simon’s influential works that develop the concept of bounded rationality, explaining how real-world decision-making is constrained by limited information, cognitive capacity, and time.
-
A.
expected utility theory (with John von Neumann)
Expected utility theory (with John von Neumann) is a foundational framework in economics and decision theory that models how rational agents make choices under uncertainty by maximizing the expected value of a utility function.
-
B.
Theory of Games and Economic Behavior
Theory of Games and Economic Behavior is a foundational 1944 book by John von Neumann and Oskar Morgenstern that established game theory as a rigorous mathematical framework for analyzing strategic decision-making in economics.
-
C.
Rubinstein bargaining model
The Rubinstein bargaining model is a foundational game-theoretic framework that analyzes how two parties reach agreement over time through alternating offers under the influence of impatience and strategic delay.
-
D.
On Equilibrium
On Equilibrium is a philosophical work by John Ralston Saul that explores the importance of balancing key human qualities—such as reason, ethics, and common sense—to create a more humane and democratic society.
-
E.
Nash bargaining solution
The Nash bargaining solution is a foundational concept in game theory that defines a fair and efficient outcome for two-party bargaining problems based on axioms of rationality and symmetry.
- F. None of above. chosen
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
essay collection ⓘ |
| author |
Herbert Simon
ⓘ
surface form:
Herbert A. Simon
|
| contrastsWith |
perfect rationality
ⓘ
unbounded rationality ⓘ |
| describes |
decision-making under limited information
ⓘ
decision-making under time pressure ⓘ decision-making with bounded computational capacity ⓘ |
| emphasizes |
adaptation to environment in decision-making
ⓘ
procedural aspects of rationality ⓘ use of heuristics under constraints ⓘ |
| field |
behavioral economics
ⓘ
cognitive science ⓘ decision sciences ⓘ economics ⓘ management science ⓘ organizational theory ⓘ psychology ⓘ |
| focusesOn |
limitations of human cognition
ⓘ
organizational constraints on decisions ⓘ real-world decision processes ⓘ search processes in decision-making ⓘ |
| hasPart |
Volume 1
ⓘ
Volume 2 ⓘ |
| influenced |
artificial intelligence research
ⓘ
behavioral economics literature ⓘ cognitive science models of decision-making ⓘ economic theory of the firm ⓘ organizational decision-making research ⓘ |
| influencedBy |
administrative behavior research
ⓘ
cognitive psychology ⓘ |
| language | English ⓘ |
| mainSubject |
administrative behavior
ⓘ
behavioral economics ⓘ bounded rationality ⓘ cognitive limitations ⓘ decision theory ⓘ decision-making ⓘ economic decision-making ⓘ economic psychology ⓘ heuristics ⓘ information constraints ⓘ limited rationality ⓘ organizational decision-making ⓘ procedural rationality ⓘ satisficing ⓘ time constraints ⓘ |
| proposesConcept | satisficing ⓘ |
| theoreticalFramework | bounded rationality ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Models of Bounded Rationality Description of subject: Models of Bounded Rationality is a collection of Herbert A. Simon’s influential works that develop the concept of bounded rationality, explaining how real-world decision-making is constrained by limited information, cognitive capacity, and time.
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
subject surface form:
Herbert A. Simon
this entity surface form:
bounded rationality
this entity surface form:
Modeling Bounded Rationality