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How to Co-operate in Business without Really Trying: A Learning Model of Decentralized Decision Making

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  • Richard H. Day
  • E. Herbert Tinney

Abstract

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Suggested Citation

  • Richard H. Day & E. Herbert Tinney, 1968. "How to Co-operate in Business without Really Trying: A Learning Model of Decentralized Decision Making," Journal of Political Economy, University of Chicago Press, vol. 76(4), pages 583-583.
    • Handle: RePEc:ucp:jpolec:v:76:y:1968:p:583
    DOI: 10.1086/259429
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    Citations

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    Cited by:

    1. Cattaneo, Andrea & Robinson, Sherman, 2000. "Empirical models, rules, and optimization," TMD discussion papers 53, International Food Policy Research Institute (IFPRI).
    2. Olivier Favereau, 1989. "Marchés internes, marchés externes," Revue Économique, Programme National Persée, vol. 40(2), pages 273-328.
    3. Andreas Blume & John Duffy & April Mitchell Franco, 2008. "Decentralized Organizational Learning: An Experimental Investigation," Working Paper 382, Department of Economics, University of Pittsburgh, revised May 2009.
    4. John Conlisk, 2003. "A Note on Convergence of Adaptive Satisficing to Optimal Stopping," Journal of Political Economy, University of Chicago Press, vol. 111(6), pages 1353-1360, December.
    5. Hayakawa, Hiroaki, 2000. "Bounded rationality, social and cultural norms, and interdependence via reference groups," Journal of Economic Behavior & Organization, Elsevier, vol. 43(1), pages 1-34, September.
    6. Nugent, Jeffrey B., 2023. "A new institutional perspective on business associations: Filling a gap between firms and states in the dynamic analysis of Richard Day," Journal of Economic Behavior & Organization, Elsevier, vol. 211(C), pages 49-59.
    7. Andreas Blume & April Franco, 2002. "Learning from failure," Staff Report 299, Federal Reserve Bank of Minneapolis.
    8. Steensen, Elmer Fly, 2014. "Five types of organizational strategy," Scandinavian Journal of Management, Elsevier, vol. 30(3), pages 266-281.
    9. Richard H. Day, 1995. "Rationality, Entrepreneurship and Institutional Evolution," Revue Économique, Programme National Persée, vol. 46(6), pages 1473-1485.
    10. John Duffy & Andreas Blume & April Franco, 2007. "Decentralized Organizational Learning: An Experimental Investigation," Working Paper 310, Department of Economics, University of Pittsburgh, revised Jul 2008.
    11. Ardalan, Kavous, 2018. "Neurofinance versus the efficient markets hypothesis," Global Finance Journal, Elsevier, vol. 35(C), pages 170-176.
    12. Charles F. Manski, 2017. "Optimize, satisfice, or choose without deliberation? A simple minimax-regret assessment," Theory and Decision, Springer, vol. 83(2), pages 155-173, August.
    13. Conlisk, John, 1996. "Bounded rationality and market fluctuations," Journal of Economic Behavior & Organization, Elsevier, vol. 29(2), pages 233-250, March.
    14. John Conlisk, 1996. "Why Bounded Rationality?," Journal of Economic Literature, American Economic Association, vol. 34(2), pages 669-700, June.

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