Examlex
Different colors are dispersed by a prism because different colors in the prism have different
Educated Guesses
Assumptions based on knowledge, experience, and logical reasoning, but without absolute certainty.
Hunches
Intuitive feelings or guesses without conscious reasoning, often based on experience.
Bounded Rationality
The concept that individuals make decisions based on the limited information available to them and their cognitive limitations.
Classical Decision Theory
A framework for understanding and improving decision-making processes, emphasizing rational choices based on available information and preferences.
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