behavioral theory of the firm

E447611

decision-making theory economic theory organizational theory theory of the firm

The behavioral theory of the firm is an organizational and economic framework that explains how companies actually make decisions based on bounded rationality, routines, and internal politics rather than purely profit-maximizing optimization.

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All labels observed (3)

Label	Occurrences
A Behavioral Theory of the Firm	5
behavioral theory of the firm canonical	4
book "A Behavioral Theory of the Firm"	1

How this entity was disambiguated

This entity first appeared as the object of triple T4489036 — 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: behavioral theory of the firm
Context triple: [James G. March, knownFor, behavioral theory of the firm]

A. The Theory of Industrial Organization
The Theory of Industrial Organization is a foundational economics textbook by Jean Tirole that systematically develops modern industrial organization theory using game-theoretic tools.
B. The Theory of Corporate Finance
The Theory of Corporate Finance is a comprehensive textbook by economist Jean Tirole that systematically develops modern corporate finance theory using tools from contract theory and information economics.
C. behavioral economics
Behavioral economics is a field that integrates insights from psychology into economic theory to explain how real people make decisions that systematically deviate from the predictions of traditional rational-choice models.
D. Theoretical Economics
Theoretical Economics is a peer-reviewed academic journal that publishes research in economic theory, including microeconomic theory, game theory, and related fields.
E. Austrian market process approach
The Austrian market process approach is an economic framework emphasizing entrepreneurial discovery, dynamic competition, and the role of dispersed knowledge in driving market coordination and change.
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: behavioral theory of the firm
Target entity description: The behavioral theory of the firm is an organizational and economic framework that explains how companies actually make decisions based on bounded rationality, routines, and internal politics rather than purely profit-maximizing optimization.

A. The Theory of Industrial Organization
The Theory of Industrial Organization is a foundational economics textbook by Jean Tirole that systematically develops modern industrial organization theory using game-theoretic tools.
B. The Theory of Corporate Finance
The Theory of Corporate Finance is a comprehensive textbook by economist Jean Tirole that systematically develops modern corporate finance theory using tools from contract theory and information economics.
C. behavioral economics
Behavioral economics is a field that integrates insights from psychology into economic theory to explain how real people make decisions that systematically deviate from the predictions of traditional rational-choice models.
D. Theoretical Economics
Theoretical Economics is a peer-reviewed academic journal that publishes research in economic theory, including microeconomic theory, game theory, and related fields.
E. Austrian market process approach
The Austrian market process approach is an economic framework emphasizing entrepreneurial discovery, dynamic competition, and the role of dispersed knowledge in driving market coordination and change.
F. None of above. chosen

Statements (50)

Predicate	Object
instanceOf	decision-making theory ⓘ economic theory ⓘ organizational theory ⓘ theory of the firm ⓘ
articulatedIn	book "A Behavioral Theory of the Firm" ⓘ linked to: behavioral theory of the firm
assumes	decision-makers have limited cognitive capacity ⓘ firms are coalitions of participants ⓘ firms satisfice rather than optimize ⓘ participants have multiple, sometimes conflicting goals ⓘ rules and routines guide behavior ⓘ search is local and incremental ⓘ
basedOn	bounded rationality concept of Herbert A. Simon ⓘ
contrastsWith	neoclassical profit-maximization model ⓘ perfect rationality assumption ⓘ
developedBy	James G. March ⓘ Richard M. Cyert ⓘ
explains	how firms adapt to environmental change ⓘ how firms make investment decisions ⓘ how firms set output levels ⓘ how firms set prices ⓘ how internal conflicts affect decisions ⓘ
focusesOn	aspiration levels ⓘ bounded rationality ⓘ coalition formation within firms ⓘ conflict of goals within firms ⓘ limited information processing ⓘ organizational learning ⓘ organizational politics ⓘ organizational routines ⓘ organizational slack ⓘ problemistic search ⓘ satisficing behavior ⓘ search triggered by performance shortfalls ⓘ sequential decision-making ⓘ standard operating procedures ⓘ subunit bargaining ⓘ
influenced	evolutionary theory of the firm ⓘ organizational learning theories ⓘ strategy process research ⓘ theories of organizational routines ⓘ
influencedBy	Herbert A. Simon ⓘ linked to: Herbert Simon
introducesConcept	aspiration levels based on past performance ⓘ organizational slack as buffer ⓘ problemistic search triggered by poor performance ⓘ
publicationYear	1963 ⓘ
publishedBy	Prentice-Hall ⓘ linked to: Prentice Hall
usedIn	decision-making research ⓘ organizational behavior research ⓘ organizational economics ⓘ strategic management research ⓘ

How these facts were elicited