| Bounded optimality: Bounded optimality is a concept in decision theory where individuals or agents make choices that are satisfactory or "good enough" rather than seeking the absolute best outcome due to limited information, resources, or cognitive capacity. See also Decision theory._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. |
