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Concept information

Preferred term

bounded rationality  

Definition(s)

  • Bounded rationality is a term used to describe a decision-making process. It is less a unified theory, and more a recognition that decision making in practice often does not conform to the concept of rationality that is the foundation of many formal models of behavior. [Source: The SAGE Encyclopedia of Social Science Research Methods; Bounded Rationality]

Belongs to group

URI

http://data.loterre.fr/ark:/67375/N9J-HQJXPJGN-L

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