14. Bounded Rationality: a. the idea that rationality is limited when individuals make decisions, and under these limitations, rational individuals will select a decision that is satisfactory rather than optimal 15. Herbert Simon: political scientist interested in decision-making in the real world a. Duuning-Kruger Effect: where cognitive basis where people that have a low ability in a task overestimate their ability to perform a task. 16. Occam’s Razor: (14th-century theologian) William O...
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