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Bounded rationality
Noun
Word Frequency:
0.3
Definitions
1.
Noun
A model of human behaviour which states that individuals often make decisions that are merely adequate rather than optimal.
Synonyms
emotions in decision-making
decision-making
theory of constraints
rational choice theory
psychology of reasoning
theory of the second best
group decision-making
satisficing
social choice theory
decision theory
constrained optimization
optimal decision
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