Explain what Bounded Rationality is.

Explain what Bounded Rationality is. Then discuss how this concept can affect the decision situation in assignment two. Also discuss how this concept can affect the data analysis in assignment one. Explain your logic for both of your arguments. Are there any similarities between these two situations?

 

Be sure to include references to any resources you used. You should use at least one resource to help you with your initial discussion.

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