Business Studies, asked by Chahat3419, 1 year ago

What is meant by bounded rationality in decision making

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Answered by bhupeshchandrakar94

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Answer:

Please select as brainlest

Explanation:

Bounded rationality is the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

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