bounded rationality
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.
Meaning
1 senses(uncountable)A model of human behaviour which states that individuals often make decisions that are merely adequate rather than optimal.
Translations
1 languagesOrigin
Coined by American political scientist Herbert A. Simon.Coined by American political scientist Herbert A. Simon.
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Word family
2 related wordsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable