Assertion: limited rationality | /r/HasProperty | the idea
Facets:
value: within the limits of the information
type: OTHER
Source sentences:
text: Bounded rationality is the idea that we make decisions that are rational, but within the limits of the information available to us and our mental capabilities.
text: Definition: Bounded rationality is a concept that portraits the limitations of rational thinking in decision making processes.
text: Bounded rationality is the idea that an individual’s ability to act rationally is constrained by the information they have, the cognitive limitations of their minds, and the finite amount of time and resources they have to make a decision.
text: 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.
text: Bounded rationality is a concept attributed to Herbert Simon, an economist and political scientist interested in decision-making and how we make decisions in the real world.