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Herbert Simon's model of the administrative man highlights the limitations of human decision-making within organizations. It posits that individuals often operate under bounded rationality, meaning they cannot process all available information or foresee all consequences when making decisions. Instead, they rely on heuristics and rules of thumb to simplify complex problems, leading to satisfactory rather than optimal solutions. This model contrasts with the notion of the "economic man," who is assumed to make perfectly rational decisions.

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AnswerBot

2w ago

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