BOUNDED RATIONALITY APPROACH AS AN ALTERNATIVE TO RATIONAL CHOICE: A CRITICAL PERSPECTIVE
Öz
Rational choice theory is a framework formed in order to explain organizational and economical behaviours in decision making process. Basically, it is claimed that people calculate costs and benefits of their actions before initiating to do any activity. Although Rational Choice Theory has a quite important background which various social science fields benefit from, it frequently confronts some criticisms especially coming from Human relations school.
Bounded Rationality Approach offers an argument by claiming that human being has limited mind to make optimum choices, therefore, tries to satisfy rather than optimize. There is still an ambiguity in the literature whether these two approaches should be used separately or mutually complementary. Accordingly, this paper discusses whether Bounded Rationality Approach can replace Rational Choice Theory by overcoming lacks of it. It is concluded that Bounded Rationality Approach is not able to substitute Rational Choice Theory, though its persuasive arguments provide an insight in order to comprehend the complex decision making process.
Anahtar Kelimeler
Kaynakça
- Bendor, J. 2012. Bounded Rationality and Politics, London: University of California Press.
- David van Mill. 1994. Rationality, Action, and Autonomy in Hobbes's "Leviathan". Palgrave Macmillan Journals 27.2: pp. 285-306.
- Dowding, K. 1991. Rational Choice and Political Power, Aldershot: Edward Elgar.
- Etzioni, A. 1967. Mixed-Scanning: A Third Approach to Decision-Making, Public Administration Review 27.5: pp.385-392.
- Foss, N. J. 2003. Bounded rationality in the economics of organizations: `much cited and little used. Journal of Economic Psychology 24: pp.245-264.
- Hindmoor, A. 2010. Rational Choice, (ed.) in D. Marsh and G. Stoker, Theories and Methods in Political Science. New York: Palgrave Macmillan.
- John, P. 2012. Analysing Public Policy. London: Routledge.
- Jones, B. D. 1999. Bounded Rationality. Annual Review Political Science 2: pp.297-321.
Ayrıntılar
Birincil Dil
İngilizce
Konular
Siyaset Bilimi
Bölüm
Derleme
Yayımlanma Tarihi
14 Temmuz 2018
Gönderilme Tarihi
1 Aralık 2017
Kabul Tarihi
18 Ocak 2018
Yayımlandığı Sayı
Yıl 2015 Cilt: 2 Sayı: 3