What is “bounded rationality”? Arthur suggests that decision makers conceive and nurture
What is “bounded rationality”? Arthur suggests that decision makers conceive and nurture Bounded Rationality What is “bounded rationality”? Arthur suggests that decision makers conceive and nurture an “ecology of focal predictors” to deal with complexity of the unknown. Explain Arthur’s ideas using the following scenario: Forecast the Dow Jones Average for the close of market … Read more