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Who First Proposed the Model of Bounded Rationality

question 93

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Who first proposed the model of bounded rationality?


Definitions:

Discomfort

The feeling of physical or mental unease, such as minor pain or distress, often prompting the desire to alleviate it.

Orbitofrontal Cortex

A region of the prefrontal cortex located just above the orbits (eye sockets) associated with decision-making, impulse control, and reward/punishment processing.

Association Areas

Areas of the cerebral cortex that house memories and are involved in thought, perception, and language.

Illicit Drug Use

The use of substances that are illegal or not prescribed, which can have various health, legal, and social implications.

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