boundedly
- adverb
- /ˈbaʊndɪdli/
- People are considered boundedly rational because they frequently make choices based on limited knowledge and cognitive shortcuts.
- boundedly rational
But it's only it's boundedly tailoring is boundedly profitable.
- But it's only it's boundedly tailoring is boundedly profitable.
Examples
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In making decisions, we often act in a boundedly rational manner, relying on simplified rules rather than complete information.
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They might do so because the effect of most laws on social behavior is so complex that a boundedly rational legislator could not predict it.
Academic text (1997) -
They are probably not even thinking much about you, but instead trying to develop their own boundedly rational idea of their company.
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Economics assumes we are rational actors, or at least boundedly rational, but we are anything but.
Blog text (5) -
Though it is too early to say, I believe that the same is true for the notion that people are boundedly rational, and also for the claim that people are not only self-interested.
Academic text (2001) -
Finally, assume that courts are also boundedly rational and imitate prior opinions when the facts underlying those opinions sufficiently resemble the facts of the case before them.
Academic text (1997) -
Yet, TCT argues that even though the parties to a transaction are boundedly rational, they are able to foresee contractual hazards coming and devise appropriate solutions (Williamson 1996).
Academic text (2018) -
The team's strategy was boundedly rational, focusing on immediate goals rather than long-term consequences.
Synonyms
In a way that limits what is allowed
To a small degree, not completely
In a limited way, not fully agreeing with something
In a stiff, unnatural way that shows someone is holding back
Antonyms
How Limited
Surface Forms
Morphology
Etymology
The word boundedly comes from bound, which means 'limit', plus -ed and -ly to make an adverb that describes how something is done. Think of boundary, which is like a line or limit, so boundedly means 'in a limited or restricted way'.