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Why do we settle for 'good enough'? #shorts

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#shorts
Why do we settle for "good enough"? It's because of something called 'Bounded Rationality.' It means that people tend to choose the first option that seems okay, rather than the best one. Imagine you're at the store, looking for a drink. You select a "sugar-free" product, assuming it's healthier,
but it might contain artificial sweeteners or sugar alternatives you want to avoid. In business, a boss might choose candidates solely for their excellent education, ignoring their valuable experience or practical skills. Bounded rationality leads us to make choices that fulfill a specific requirement,
like health or education, without selecting the best possible option within that category.
Why do we settle for "good enough"? It's because of something called 'Bounded Rationality.' It means that people tend to choose the first option that seems okay, rather than the best one. Imagine you're at the store, looking for a drink. You select a "sugar-free" product, assuming it's healthier,
but it might contain artificial sweeteners or sugar alternatives you want to avoid. In business, a boss might choose candidates solely for their excellent education, ignoring their valuable experience or practical skills. Bounded rationality leads us to make choices that fulfill a specific requirement,
like health or education, without selecting the best possible option within that category.
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