Assertion: limited rationality | /r/HasProperty | term
Facets:
Source sentences:
text: Bounded rationality" is a term coined by Herbert Simon used to refer to a conception of agents opposed to "rational actor" models in which agents act with optimal or perfect rationality.
text: Bounded rationality is the term given to decision-making that attempts to make sense of the world by the way a person takes in information and processes it to create preferences and choices.