Real-time decentralized information processing as a model of organizations with boundedly rational agents.

This paper studies the properties of real-time decentralized information processing as a model of human information processing in organizations. Real-time decentralized processing—which models the computation of decision rules in a temporal decision problem by members of an organization captures bo...

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Publicado en:Review of Economic Studies no. 228; pp. 633 - 659
Autor principal: Van Zandt, Timothy
Formato: Artículo
Publicado: Oxford University Press / UK 3) no228 (July 1999
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Real-time decentralized information processing as a model of organizations with boundedly rational agents.
      aug:
        au: Van Zandt, Timothy
      su:
        Human information processing
        Mathematical models
        Decentralization in management
        Decision making
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          Human information processing
          Mathematical models
          Decentralization in management
          Decision making
      ab: This paper studies the properties of real-time decentralized information processing as a model of human information processing in organizations. Real-time decentralized processing—which models the computation of decision rules in a temporal decision problem by members of an organization captures both the cost of computation in terms of the members' time and the constraints imposed by computational delay on the use of recent information. Unlike a batch processing model, it has no single measure of delay because decisions are computed from data of heterogeneous lags. Furthermore, decentralization does not unambiguously reduce delay, because processing a message precludes processing current data. Reprinted by permission of Review of Economic Studies Ltd.
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    language: English
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