| 单词 | bounded rationality |
| 释义 | bounded rationality noun[U] ukusECONOMICS thetheorythatpeoplecanunderstandonly alimitedamountofinformationwithin alimitedamountoftime, and for thisreasonthey do not always make thebestdecisions,especiallyincomplicatedsituations: Managersconstrainedbyboundedrationalitycannotforeseeall of therelevantbehavioursneededfororganizationaleffectiveness. Examplesofbounded rationalitybounded rationality Economists often assume the models of rational choice theory andboundedrationalityto formalize and predict the behavior of individuals and firms. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.He is also well known for his work inboundedrationality, and can be considered as one of the founding fathers of experimental economics. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Due to the complexity of the drug design process, two terms of interest are still serendipity andboundedrationality. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.For instance, it has been proposed that conflict is modulated byboundedrationalityand various cognitive biases, such as prospect theory. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Transaction cost theory typically attributes market imperfections toboundedrationalityand lock in, whilst internalization theory emphasises asymmetric information and weaknesses in property rights. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.The info-gap robustness function provides a means of implementing a satisficing strategy underboundedrationality. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.However, this explanation (boundedrationality) is less commonly offered now, in light of subsequent empirical evidence. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.Modelling strategies might use any of a variety of approaches including the neoclasscial, game theoretic, behavioural (boundedrationality) information theortic and transaction costs. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.More generally, the menu cost can be thought of as resulting from costs of information, decision and implementation resulting inboundedrationality. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.His research covers the areas of the evolution of human cooperation and sociality, in particular fairness, reciprocity andboundedrationality. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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