Examlex
When is the alphabetic index consulted to see whether the correspondent's name is currently in the storage system?
Perfect Rationality
A decision strategy that is completely informed, perfectly logical, and oriented toward economic gain.
Nobel Prize
A set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances.
Herbert Simon
An American economist and cognitive psychologist known for his research in the fields of decision-making and artificial intelligence; he is credited with the concept of bounded rationality.
Perfectly Rational
The theoretical concept of making decisions based on complete information and logical, objective analysis.
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