According to Bounded Rationality Theory, people make better decisions when their perceptions are "bounded" or framed by past experience.

Name: According to Bounded Rationality Theory, people make better decisions when their perceptions are "bounded" or framed by past experience.
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Bounded Rationality Theory suggests that people make decisions based on limited information and cognitive abilities, and that their perceptions are not necessarily framed by past experience.

According to Bounded Rationality Theory, People Make Better Decisions When