COVID-19 and the Bounded Rationality Theory

Photo by Adrian Agpasa on Pexels.com For years, behavioural economists (researchers who study human behaviour) had believed that people are mostly rational in the decisions they make. Given the choice, they argue, we will always choose the things that give us maximum satisfaction from the resources we have available. They argued this was a universal … Continue reading COVID-19 and the Bounded Rationality Theory