Difference between revisions of "Bounded rationality"
(→Related coursework) |
(→Related coursework) |
||
| Line 9: | Line 9: | ||
*[[Enterprise]]. | *[[Enterprise]]. | ||
| − | ==Related | + | ==Related lectures== |
*[[Individual Decisions Quarter]]. | *[[Individual Decisions Quarter]]. | ||
[[Category: Septem Artes Administrativi]][[Category: Articles]] | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 15:07, 4 January 2019
Bounded rationality is a process of making decisions by constructing simplified models that extract the essential features from problems without capturing all their complexity.
Definitions
According to Organizational Behavior by Robbins and Judge (17th edition),
- Bounded rationality. A process of making decisions by constructing simplified models that extract the essential features from problems without capturing all their complexity.
