Concept
Version 6
Created by Boundless
Behavioral Economics: Irrational Actions
![Decision making](../../../../../../../../../figures.boundless-cdn.com/20355/full/stages-in-decision-making.gif)
Decision making
This graph shows the three stages of rational decision making that was devised by Herbert Simon, a notable economist and scientist.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"Simons 3 stages in Decision Making."
http://en.wikipedia.org/wiki/File:Simons_3_stages_in_Decision_Making.gif
Wikipedia
CC BY-SA.