Bounded Rationality and Heuristics

Abstract: 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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Catagory: Philosophy Of Religion, God'S Existence & Freewill

Subcatagory: Philosophy

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