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Bounded Rationality Means Having a Limited Capacity for Processing Information

question 5

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Bounded rationality means having a limited capacity for processing information.

Recognize the concept of optimal or successful aging and the criteria used to measure it.
Understand the concept of ambiguous loss and its examples.
Differentiate between types of coping mechanisms preferred by different age groups.
Appreciate the importance of continuous activity and engagement in contributing to successful aging.

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