Analysis of Bounded Rationality
Words: 802 Pages: 3 4036Decision-making processes are important because without them, solving complicated problems would be near to impossible. The processes are used in everything from deciding which job you should apply/get hired for, to cars deciding autonomously how to safely drive down the road, and robots that have to decide how to properly pick up an item then sort it into the correct location. The most important factor out of the several decision-making problems is limited information, or more specifically the concept of […]