Bounded Rationality

1.Decision Roman Abramovich is the owner of the companies that control Chelsea Football Club in west London.He was skilled in all non-technical aspects of football tactics,however ,he made an individual decision without the team just for the reason he was crazy about the player ;it was the transfer of player who named Andriy Shevchenko for the fee of around £30 million which was breaking the record for a player signed by an English club on 28 May 2006.Finally,at the end of his contract,he did not renew it and left the club freely,which meant the company did not sell him successfully in order to earn the transfer fee back. The main outcome showed the fact that Andriy who had been the super forward center before the transfer had two seasons in Chelsea but he only got nine goals in forty-seven appearances in Premier League and Chelsea also did not win the Champion of the league in that two seasons.So,it was a failed decision not only for the player but for Chelsea as well.Lack of professional knowledge lead Roman ignore the needs which the team require then he bought the wrong player who did not match the original tactics system.So,although Andriy had been a top football forward,he still could get the great performance in the club. Moreover, because of less communication of coaches and team players, Roman were not aware of the fact whether Andriy could blend in with the club or not.So,it leaded to him to not good enough to cooperate with the team numbers.Finally,for the reason Roman did not make a so completed plan that the company could not sell the player as a high price at the end of his contract for his age which is over the football player’s golden age and eventually,he left the club freely. It meant that the decision made a failed investment,because the company pay a lot of money for the player who did not improve the team very much and also could not get the transfer fee back by selling him.

Analysis of the Decision Roman’s transfer decision is an