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Bounded rationality is A . The ability to predict a future state using a probability distribution B . The state in which insufficient evidence exists
Bounded rationality is
A The ability to predict a future state using a probability distribution
B The state in which insufficient evidence exists to construct a probability distribution of the future outcome
C The inability to reach optimal decisions due to the inherent limitations of the human mind, incomplete information, and time constraints
D Nonsocially optimal results driven by selfinterested actions of individuals
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