qwhat do you mean by the term bounded rationality


Q.What do you mean by the term 'bounded rationality in decision making'?

Maximizing the outcomes of a decision is an ideal stage. Habitually it is an impossible thing. The cause is our decisions are disturbed by lot of constraints to reduce the effect of these constraints few of our efforts become waste. Thus we can't reach maximum.

Request for Solution File

Ask an Expert for Answer!!
Computer Engineering: qwhat do you mean by the term bounded rationality
Reference No:- TGS0311995

Expected delivery within 24 Hours