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Meaning of bounded rationality | Babel Free

Noun CEFR B2

Definitions

A model of human behaviour which states that individuals often make decisions that are merely adequate rather than optimal.

uncountable

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

boundedness Bounden Bounder bounderism Bounders Bounding