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Bounded Rationality and Heuristics
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This 5 page paper provides an overview of bounded rationality and heuristics. The concept of bounded rationality is linked to the belief that behavioral elements influence the way in which decision-making takes place. Inherent in this concept is the understanding that human rationality has definable constraints and that uncertainty plays a major role in determining the way in which the rational mind functions. Bibliography lists 5 sources.
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Pages:
5
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Filename:MH11_MHHeuri3.rtf |
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Paper Title:
Bounded Rationality and Heuristics
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