behavioral theory of the firm
E447611
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.
All labels observed (2)
| Label | Occurrences |
|---|---|
| behavioral theory of the firm canonical | 2 |
| 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]
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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.
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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.
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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.
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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.
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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" NERFINISHED ⓘ |
| 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
NERFINISHED
ⓘ
Richard M. Cyert NERFINISHED ⓘ |
| 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 NERFINISHED ⓘ |
| introducesConcept |
aspiration levels based on past performance
ⓘ
organizational slack as buffer ⓘ problemistic search triggered by poor performance ⓘ |
| publicationYear | 1963 ⓘ |
| publishedBy | Prentice-Hall NERFINISHED ⓘ |
| usedIn |
decision-making research
ⓘ
organizational behavior research ⓘ organizational economics ⓘ strategic management research ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: behavioral theory of the firm Description of subject: 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.
Referenced by (3)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
A Behavioral Theory of the Firm