The special session Decision Economics (DECON) 2016 is a scientific forum by which to share
ideas projects researches results models and experiences associated with the complexity of
behavioral decision processes aiming at explaining socio-economic phenomena. DECON 2016 held in
the University of Seville Spain as part of the 13th International Conference on Distributed
Computing and Artificial Intelligence (DCAI) 2016. In the tradition of Herbert A. Simon's
interdisciplinary legacy this book dedicates itself to the interdisciplinary study of
decision-making in the recognition that relevant decision-making takes place in a range of
critical subject areas and research fields including economics finance information systems
small and international business management operations and production. Decision-making
issues are of crucial importance in economics. Not surprisingly the study of decision-making
has received a growing empirical research efforts in the applied economic literature over the
last sixty years. The recognition of the oversimplification and limitations of subjective
expected utility theory has produced an extraordinary volume of empirical research aimed at
discovering how economic agents cope with complexity. In the centenary of his birth the
international scientific community acknowledges Herbert A. Simon's research endeavors aimed to
understand the processes involved in economic decision-making and their implications for the
advancement of economic studies. Within the field of decision-making Simon's rejection of
standard decision-making models of neoclassical economics inspired social scientists worldwide
to develop research programs in order to study decision-making empirically. The main
achievements regarded decision-making for individual firms markets governments and
institution. There are many scholars in the world that claim that Herbert A. Simon has
precipitated something like a revolution in microeconomics focused onthe concept of
decision-making. Among these scholars are the Editors of this book who believe that very few
scientists produce seminal work in more than one field: Herbert A. Simon was one of them that
caliber of genius.
