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bounded rationality

noun

Etymology

Coined by American political scientist Herbert A. Simon.

Definitions

  1. A model of human behaviour which states that individuals often make decisions that are…

    A model of human behaviour which states that individuals often make decisions that are merely adequate rather than optimal.

The neighborhood

Vish — recursive loop

No curated loop yet for bounded rationality. Loops are being traced one word at a time while the ingestion pipeline matures.

sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA