What Do You Mean By 'bounded Rationality' In Decision Making?

1.	What Do You Mean By 'bounded Rationality' In Decision Making?
Answer» If PEOPLE are having time and COGNITIVE ability for MAKING decisions, it is said to be bounded rationality. If people are having time and cognitive ability for making decisions, it is said to be bounded rationality.

Answer»

If PEOPLE are having time and COGNITIVE ability for MAKING decisions, it is said to be bounded rationality.

If people are having time and cognitive ability for making decisions, it is said to be bounded rationality.

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