Particular Features of the Japanese System of Rational Decision Making

Abstract

The article is devoted to the analysis of particular features of Japanese practice of the decision making. Using the institutional approach toward behavioral features of the Japanese economic system, we conduct the research on the question: is it really true to characterize the Japanese economic system as having irrational features because the traditions and orientation on the group are very important in Japan. In the article, attention is paid to the harmonic combination of the features of processing way of thinking and specific Japanese methods of management with principles of rational decision making. Also, specific mechanisms of reducing the effect of the bounded rationality are considered.

Keywords:

economic history of Japan