Boom Quiver and Quake

It often takes a thunderstorm to make us realize that we have to ask for help

Lighting strike… boom quiver and quake

to realize that perhaps we are bound 

holding to tight to a concept or idea

Lighting strike… boom quiver and quake

settling for satifactory rather then optimal

not finding the respite to think

Lighting strike… boom quiver and quake

Acting impulsively with out full consideration 

of what is at stake

Lighting strike… boom quiver and quake

there is often a timeline that is in place

so, if you find yourself frozen by the thunderstorm of impending decline

or bound by irrational or impulsive thinking

Lighting strike boom quiver and quake 

change course or direction

 

Bounded rationality

Rational individuals will select a decision that is satisfactory rather the optimal.

Three factors go into this; the difficulty of the problem requiring a decision, the cognitive capability of the mind, and the time available to make the decision.

Therefore bounded rationality of human behavior, revises the notion of “perfect” rationality to account for the fact that perfectly rational decisions are often not feasible in practice because of the intractability of national decision problems and finite computational resource available for making the decision 


Posted

in

by

Comments

Leave a comment