Explain the Term bounded Rationality

question 6

Essay

Explain the term bounded rationality.

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Definitions:

SSD

Solid-State Drive, a type of data storage device that uses integrated circuit assemblies as memory to store data persistently, offering faster access time and lower latency compared to traditional hard disk drives (HDDs).

Proxy Server Configuration

The process of setting up a proxy server to manage and filter the network traffic between clients and the internet.

Default Gateway

The device that serves as an access point or IP router to move data from one network to another.

NIC

Network Interface Card, a hardware component that connects a computer to a network, facilitating communication.