Bounded Rationality #shorts

Bounded rationality is the idea that we make decisions based on limited information available. Bounded rationality is important in economics and behavioral economics because it helps explain why we don't always make fully rational decisions in complex situations. It also means that we're more likely to make decisions that are good enough, rather than the optimal decision. Bounded rationality has implications for businesses. It suggests that decision-making processes and strategies should take into account the limitations of the human mind.

#bullmeetbear #financialeducation #economics

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