The term "________" refers to a limited capacity to process information.
A) bounded rationality
B) planning fallacy
C) hindsight bias
D) cryptomnesia

Question

Quizplus · Accepted Answer

Bounded rationality refers to the idea that our cognitive abilities are limited and we are unable to process all of the information that is available to us. This can result in our decisions being imperfect or incomplete, as we may not have all of the necessary information or may not be able to fully analyze the information that we do have. Planning fallacy, hindsight bias, and cryptomnesia are all related to cognitive biases or errors, but they do not specifically refer to a limited capacity to process information.

The Term "________" Refers to a Limited Capacity to Process