"The problem can be approached initially either by inquiring into the properties of the choosing organism, or by inquiring into the environment of choice."

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Added on April 10, 2026
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PhilosophyScienceEconomicsOrganizational theory
Original Language: English

Sources

Herbert A. Simon (1955) in “A Behavioral Model of Rational Choice”, Quarterly Journal of Economics 69(1), p. 100 quoted in “Bounded Rationality and Macroeconomics”