bounded rationality
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
The idea that decision-makers are rational only within the limits of their information, time, and cognitive capacity.
Bounded rationality means managers satisfice rather than compute the truly optimal staffing plan.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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