Concept information
social science subjects
politics and international relations
political science
epistemological foundations of political science
...
business and management
organization studies
organization studies encyc
organizational cognition, change, and communication
Preferred term
bounded rationality
Definition
- Bounded rationality is a term used to describe a decision-making process. It is less a unified theory, and more a recognition that decision making in practice often does not conform to the concept of rationality that is the foundation of many formal models of behavior. [Source: The SAGE Encyclopedia of Social Science Research Methods; Bounded Rationality]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/bounded_rationality
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