Bounded Rationality Describes the Idea That Perfectly Rational Decisions Are

question 86

True/False

Bounded rationality describes the idea that perfectly rational decisions are not always feasible due to constraints found in information processing.

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Definitions:

Peripheral Vision

The ability to see objects and movement outside of the direct line of vision.

Rod Vision

A type of vision that is sensitive to low levels of light, mediated by rod cells in the retina, allowing for night vision.

Lateral Inhibition

A process in neural networks of the brain where an excited neuron reduces the activity of its neighbors, sharpening sensory perceptions and contrasts.

Acuity

The sharpness or keenness of thought, vision, or hearing.