Bounded

Discuss bounded rationality. In your discussion, explain the term as well as its importance in rational managerial decision-making.

Your response must be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Bazerman, M. H., & Moore, D. A. (2009). Judgment in managerial decision making (7th custom ed., 4-6). Hoboken, NJ: Wiley.