Question

When we selectively choose and focus on certain information that is deemed important while filtering out extraneous information, we are using a form of ______

Answer 1

There are ways to bound with things. While filtering out extraneous information, we are using a form of bounded rationality.

What is  bounded rationality?

Bounded rationality is defined as a kind of human decision-making method used where man tries to tries to satisfice, instead of optimize.

This means that we as humans do seek a decision that  is better enough, instead of on the best possible decision.

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