Bounded Rationality Explained: Why "Good Enough" Beats Perfect Decisions (Satisficing & Heuristics) скачать в хорошем качестве

Bounded Rationality Explained: Why "Good Enough" Beats Perfect Decisions (Satisficing & Heuristics)

Bounded Rationality explained. Why do we settle for "good enough"? In this video, we break down Herbert Simon’s Nobel Prize-winning theory of Bounded Rationality, the psychology of Satisficing vs. Maximizing, and the Heuristics your brain uses every day to survive information overload. 🧠 In this video, you’ll learn: 0:00 – The Myth of the Supercomputer (Homo Economicus) 1:30 – What is Bounded Rationality? (The 3 Limits) 3:30 – Satisficing vs. Maximizing (The Hiring Example) 5:30 – Heuristics: The Brain's Shortcuts (Branding & Social Proof) 7:30 – How Chess Grandmasters Use Bounded Rationality 9:00 – Why "Good Enough" is a Strategic Advantage Why does this matter? Most people think making the best choice leads to success. Behavioral economics proves that making a fast enough choice often leads to survival. Whether you are buying cereal, hiring an employee, or investing, perfectionism is the enemy of action. Key Concepts Covered: ▸ Bounded Rationality Definition ▸ Herbert Simon ▸ Satisficing Behavior ▸ Cognitive Biases & Heuristics ▸ Decision Making Psychology ▸ Behavioral Economics vs. Classical Economics ▸ The Chess Grandmaster Mindset 🎥 Related Videos: The Invisible Hand: Adam Smith Explained System 1 vs. System 2 Thinking (Kahneman) How to Stop Overthinking Everything 🔔 Subscribe for more Behavioral Economics and Decision Science: 💬 Comment below: Think of a time you spent too long trying to find the "perfect" option. What was it? Would "satisficing" have saved you time? Hashtags: #BoundedRationality #BehavioralEconomics #HerbertSimon #Satisficing #DecisionMaking #Heuristics #CognitiveScience #HomoEconomicus #Psychology #MentalShortcuts #NobelPrize #GoodEnough #Rationality