Explaining Bounded Rationality and Bounded Self-control
- AS, A-Level, IB
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 4 May 2019
Behavioural economics looks for examples of people making decisions in ways which deviate from those predicted by the rational choice model of economics. Here is a short video exploring the difference between bounded rationality and bounded self control.