Bounded Rationality
- Personal Safety
- Mon 28th Aug 2023
We have all had moments when we “lost it”, when we allowed our emotions to take over from our rational thinking. In most cases this “switch” involves a decision e.g., if someone deliberately cuts us off in traffic, and we decide to aggressively chase them, flashing our lights, slamming our horn etc., we decided to lean in, and hand over control of events to our emotional self, and let it make the decisions for us concerning our following actions i.e., we decide not to think rationally; it is a choice we make. The term for such “thinking” is “bounded rationality”,...
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