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What is the concept of bounded rationality?

Riley White | 2023-06-05 16:38:11 | page views：1455
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Harper Collins

Studied at the University of Edinburgh, Lives in Edinburgh, Scotland.
Bounded rationality is the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.Sep 22, 2013
2023-06-15 16:38:11
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Ethan Patel

QuesHub.com delivers expert answers and knowledge to you.
Bounded rationality is the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.Sep 22, 2013
Bounded rationality in economics - defined - YouTube
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