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Bounded Rationality in Budgetary Research

Bibliographic Data

ID3329307
AuthorsJohn F Padgett (Harvard University Press, corresponding author)
Year1980
Volume74
Issue2
Pages354-372
Publication date1980-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Political Science Review (JOURNAL)
Journal identifiersISSN: 0003-0554 • E-ISSN: 1537-5943
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.2307/1960632
OpenAlexW2085721224
LanguageEN
Citations received93
References cited22

Two bounded rationality theories of federal budgetary decision making are operationalized and tested within a stochastic process framework. Empirical analyses of Eisenhower, Kennedy and Johnson domestic budget data, compiled from internal Office of Management and Budget planning documents, support the theory of serial judgment over the theory of incrementalism proposed by Davis, Dempster and Wildavsky. The new theory highlights both the structure of ordered search through a limited number of discrete alternatives and the importance of informal judgmental evaluations. Serial judgment theory predicts not only that most programs most of the time will receive allocations which are only marginally different from the historical base, but also that occasional radical and even "catastrophic" changes are the normal result of routine federal budgetary decision making. The methodological limitations of linear regression techniques in explanatory budgetary research are also discussed

Bounded function · Bounded rationality · Economics · Epistemology · Incrementalism · Microeconomics · Operationalization · Operations research · Political science · Rationality · Accounting and Organizational Management · Decision-Making and Behavioral Economics · Law · Mathematics · Public Policy and Administration Research

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Unique citing works93
Citations per year2,07
Citation span1981 - 2026 (46)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 93

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