Chance, Preferences, and Predictions in Garbage Can Theory
We build three stochastic models of garbage can processes in an organization populated by boundedly rational agents. Although short-run behavior in our models can be quite chaotic, they generate systematic, testable predictions about patterns of organizational choice. These predictions are determine...
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Published in | The Garbage Can Model of Organizational Choice: Looking Forward at Forty Vol. 36; pp. 99 - 137 |
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Main Authors | , |
Format | Book Chapter |
Language | English |
Published |
Emerald Group Publishing Limited
01.01.2012
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Online Access | Get full text |
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Summary: | We build three stochastic models of garbage can processes in an organization populated by boundedly rational agents. Although short-run behavior in our models can be quite chaotic, they generate systematic, testable predictions about patterns of organizational choice. These predictions are determined, in fairly intuitive ways, by the degree of preference conflict among agents in the organization, by their patterns of attention, and by their tendencies to make errors. We also show that nontrivial temporal orders can arise endogenously in one of our models, but only when some form of intentional order, based on agents’ preferences, is also present. |
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ISBN: | 9781780527123 1780527128 |
ISSN: | 0733-558X |
DOI: | 10.1108/S0733-558X(2012)0000036008 |