What Is Bounded Rationality

question 19

Essay

What is bounded rationality?

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Definitions:

Neurological Damage

Refers to physical harm or injury to the brain or other parts of the nervous system, potentially impacting cognitive functions, physical abilities, or behavior.

Aversive Events

Unpleasant or harmful events that an individual seeks to avoid or escape from.

Generalized Inability

Broad and pervasive lack of capacity in learning or accomplishing tasks, often not limited to one specific area.