"Bounded rationality" refers to the fact that our rationality is limited by which of the following?
A) amount of information
B) time
C) available resources
D) all of these

Question

Quizplus · Accepted Answer

Bounded rationality refers to the fact that our rationality is limited by all of these factors: the amount of information we have, the time we have to make a decision, and the resources available to us. We are unable to process and consider all possible options due to these limitations.

"Bounded Rationality" Refers to the Fact That Our Rationality Is