📝Bounded rationality

author

Herbert Simon

source

Meadows₂₀₀₈

tags

§ Systems Thinking § Management § Software Architecture

People (usually) make rational decisions, but information they have is often incomplete or delayed. Responses are delayed, too. And people don’t know how other actors are reacting at the same time.

This often leads to unforeseen, unexpected, and unwanted consequences. (e.g., overcompensating)