Usually means: Limited information guides decision-making.
Definitions Related words Mentions
We found 5 dictionaries that define the word bounded rationality:

General (2 matching dictionaries)
  1. Bounded Rationality, Bounded rationality: Wikipedia, the Free Encyclopedia
  2. bounded rationality: Wiktionary

Business (3 matching dictionaries)
  1. bounded rationality: Glossary of research economics
  2. Bounded Rationality: Management Dictionary
  3. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (bounded rationality)

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

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