bounded rationality

English

Etymology

Coined by American political scientist Herbert A. Simon.

Noun

bounded rationality (uncountable)

1. (social sciences) A model of human behaviour which states that individuals often make decisions that are merely adequate rather than optimal.

Translations

Translations

• Finnish: rajoittunut rationaalisuus, rajoitettu rationaalisuus
• Polish: ograniczona racjonalność f

See also

• satisfice
• satisficer