Examlex
Following 1603, what action did the Ottoman sultan take that affected his sons?
Bounded Rationality
A concept that individuals make decisions based on the limited information they have available and their own mental limitations.
Nobel Prize
A set of international awards given annually in several categories including Peace, Literature, and various sciences, recognizing significant contributions to humanity.
Herbert Simon
An American economist, political scientist, and cognitive psychologist known for his research in the fields of decision-making and artificial intelligence, including the concept of "bounded rationality."
Assumptions
Accepted beliefs or statements taken to be true without proof, often serving as starting points for reasoning and decision-making processes.
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