Examlex
Match the items below to the most appropriate description.
-poisonous in concentrated amounts
Bounded Rationality
A concept that decision-makers are limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.
Temporal Immediacy
The urgency or closeness in time of an event, emphasizing the importance of timely action or response.
Rationality Limitations
Constraints on an individual's ability to think and make decisions in a logical and clear-headed manner.
Bounded Rationality
Refers to the concept that in decision-making, an individual's rationality is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.
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