Problem
Behavioral economics. In private transactions, bounded rationality means that the individual only considers a limited number of choices-a few makes and models of cars, for example. How might bounded rationality come into play in voting for public officials? In deciding how to spend unexpected additional revenue in a city? Whose job is it to narrow the choices that are presented to voters or city officials?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.