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Bounded Rationality
A concept suggesting that individuals make decisions based on the limited information available to them and within the constraints of their cognitive capacity.
Optimizing
The process of making something as effective, perfect, or functional as possible, often by choosing the best option from a set of alternatives.
Programmed Decisions
Decisions that are routine and repetitive, often made using established guidelines or procedures.
Creative Solutions
Innovative and unique solutions developed to solve problems or address challenges in new ways.
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