bounded decision
[ˈbaʊndɪd dɪˈsɪʒən]
nounpl: bounded decisions
decisão limitada
1. A decision made within constraints of limited information, cognitive abilities, time, or resources, where the decision-maker settles for a satisfactory rather than optimal solution
Due to time constraints, the manager made a bounded decision to implement the existing system rather than spend months researching the perfect solution.
Devido às restrições de tempo, o gerente tomou uma decisão limitada de implementar o sistema existente em vez de gastar meses pesquisando a solução perfeita.
2. In organizational and cognitive psychology, a decision made with incomplete information and practical limitations rather than perfect rationality
Bounded decisions are common in business when executives must act quickly without all available data.
Decisões limitadas são comuns nos negócios quando executivos devem agir rapidamente sem todos os dados disponíveis.
This term is fundamental in organizational psychology and decision theory, particularly relevant in Brazilian and American business contexts. It reflects the pragmatic approach to problem-solving when perfect information or unlimited resources are unavailable. The concept became prominent after Herbert Simon's work on bounded rationality in the 1950s-1960s and remains central to management studies in both countries.
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