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What is bounded rationality decision making?

Benjamin Hayes | 2023-06-05 16:38:02 | page views：1440
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Julian Patel

Works at the International Development Association, Lives in Washington, D.C., USA.
Bounded rationality is the idea that when individuals make decisions, their rationality is limited by the tractability of the decision problem, the cognitive limitations of their minds, and the time available to make the decision.
2023-06-10 16:38:02
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Ava Hernandez

QuesHub.com delivers expert answers and knowledge to you.
Bounded rationality is the idea that when individuals make decisions, their rationality is limited by the tractability of the decision problem, the cognitive limitations of their minds, and the time available to make the decision.
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