Raajoituarajoittuvaa

Raajoituarajoittuvaa, also known as "bounded rationality," is a concept in economics and decision-making theory introduced by Herbert A. Simon. It posits that individuals, organizations, and other decision-making entities do not have the cognitive capacity to process all available information or compute the optimal solution to every problem. Instead, they make decisions based on a limited set of heuristics, rules of thumb, and shortcuts that simplify the decision-making process.

Bounded rationality acknowledges that decision-makers operate within constraints such as time, information, and computational capacity. This leads to suboptimal decisions, as perfect rationality, which assumes that decision-makers have unlimited cognitive resources and can process all relevant information, is often unattainable in real-world scenarios.

The concept of bounded rationality has significant implications for various fields, including economics, psychology, and organizational behavior. It challenges the assumption of perfect rationality and provides a more realistic framework for understanding human decision-making. By recognizing the limitations of human cognition, bounded rationality encourages the development of more practical and adaptive decision-making strategies.

In summary, raajoituarajoittuvaa is a fundamental principle in decision-making theory that acknowledges the limitations of human cognition and the constraints under which decisions are made. It offers a more realistic and practical approach to understanding and improving decision-making processes.