ECONOMICS

Detailed explanation-1: -Simon distinquishes between the decisions a person makes to enter or leave an organization and the decisions they make as a participant. Organizations simplify decisions and support participants in the decisions they need to make.

Detailed explanation-2: -The Simon Decision Making Theory is a framework that provides a more realistic view of the world, where decisions affect prices and outputs. The theorist argued that making a decision is making a choice between alternative courses of action. It can even mean choosing between action and non-action.

Detailed explanation-3: -Simon was a political scientist from America. He contributed a lot to administrative theory. He was also awarded the Nobel Prize for economics science in 1978.

Detailed explanation-4: -The classic work Administrative Behavior, originally published in 1947 from the doctoral dissertation of the American social scientist Herbert Simon, dissected the vintage bureaucratic paradigm and concluded that it was frequently inconsistent with psychological and social realities.