Topic: Definition Bounded Rationality
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What is Bounded Rationality?
Bounded rationality is a term which refers to emotional and informative limitations that an individual has in making a rational decision. Herbert Simon was the originator of the term. Read More »
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What is the definition of rational approximation?
example the rational approximation of pi is 3.14 so a rational approximation is shortening a really long number so it can be written out Read More »
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What is the definition of a rational number?
Any number that can be expressed as the ratio of two integers; 1/2, 2/3, 3/4. etc. Read More »
Source: http://wiki.answers.com/Q/What_is_the_definition_of_a_rational_nu...
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Definition Bounded Rationality
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A choice is considered rational if one has legitimate and valid reasons for making that choice.
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Source: http://wiki.answers.com/Q/What_is_the_definition_of_rational_choi...
It's the number that's '1' greater than its reciprocal. It's the solution of x - 1 = 1 / x or x2 - x - 1 = 0. Numerically, it's 1/2 of [ 1+sqrt(5) ] .
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Source: http://wiki.answers.com/Q/What_is_the_definition_golden_ration
The defenition of bound is when you are tied together. It also means that you are most likely to do somthing.
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C stands for compound.
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Rational decisions are thought out with common sense, irrational are not.
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If a number can be written as the ratio of two integers (a fraction with whole numbers on top and bottom) then the number is rational. If it can't then it isn't.
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Source: http://wiki.answers.com/Q/What_is_the_proper_definition_of_ration...
