Bounded Rationality Is

question 26

Multiple Choice

Bounded rationality is

• A) The ability to predict a future state using a probability distribution
• B) The state in which insufficient evidence exists to construct a probability distribution of the future outcome
• C) The inability to reach optimal decisions due to the inherent limitations of the human mind, incomplete information, and time constraints
• D) Non-socially optimal results driven by self-interested actions of individuals

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