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The Term Bounded Rationality Describes the Idea That Perfectly Rational

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The term bounded rationality describes the idea that perfectly rational decisions are always feasible.


Definitions:

X Chromosome

One of the two sex chromosomes, present in both males (as XY) and females (as XX), that carries genes responsible for many vital functions and traits.

Y Chromosome

A sex chromosome typically associated with male characteristics in species that have sexual reproduction, such as humans.

Social Learning Theory

A theory that posits people learn from one another through observation, imitation, and modeling, emphasizing the importance of social behavior.

Social Scripts

Learned guides for how to behave in certain social situations, based on cultural norms and personal experiences.

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