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Home Q & A Board Science-Related Homework Help Psychology
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Thomasvep Thomasvep
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3 years ago
Why do we make so many errors in decision making, according to the theory of bounded rationality?


▸ Our brains have evolved to solve problems that are different from many of the problems we currently face in our modern environment.

▸ We are incapable of actually considering all the factors necessary to make an optimal decision.

▸ We have poor mathematical abilities, and so we miscalculate risks and benefits.

▸ We are far too affected by our emotions to make difficult decisions.
Textbook 
Psychology: Themes and Variations

Psychology: Themes and Variations


Edition: 5th
Authors:
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bryancobobryancobo
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3 years ago
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Thomasvep Author
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3 years ago
Good timing, thanks!
sleinhi
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Yesterday
This calls for a celebration Person Raising Both Hands in Celebration
gage
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2 hours ago
Thanks
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