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Explain why a documentary-style drama about the lives of ordinary coal miners and a speculative science fiction film about a future world in which cloning has become an everyday practice might both fit into the category of realism.
Bounded Rationality
Making decisions within the constraints of limited information and alternatives.
Limited Information
A situation where decision-makers do not have access to all the data they need, often leading to decisions made under conditions of uncertainty.
Behavioural Decision Model
A framework used for understanding how people make decisions based on personal judgments, biases, and social influences.
Complete Information
A scenario where all participants have access to all relevant information needed to make informed decisions.
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