Bounded Rationality: A 3-Minute Introduction

Explore the concept of "Bounded Rationality" in our 3-minute introduction. This video explores the idea that when individuals make decisions, their rationality 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. Bounded rationality offers a more realistic view of human behavior in economic theories and decision-making processes.

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