Examlex
Among the most powerful institutions for supporting good incentives are:
Bounded Rationality
A theory that suggests that there are limits to how rational a decision maker can actually be.
Heuristics
Shortcuts in decision making that save mental activity.
Decision Making
The cognitive process of selecting a course of action from multiple alternatives, typically aimed at achieving a specific goal or solving a problem.
Rationality
A logical, step-by-step approach to decision making, with a thorough analysis of alternatives and their consequences.
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