Bounded Rationality

Applied to Charging for the Dharma by jchan ago
Applied to Beware of small world puzzles by Ruby ago

Bounded Rationality is rationality for bounded agents. Not (primarily) about "modelling irrationality": may include models of irrational behavior, but the aspiration of bounded rationality is to explain why this is in some sense the best a bounded agent can do, or, a rational approach for a bounded agent to take given its limited resources and knowledge. In other words, bounded rationality is a type of rationality, not a type of irrationality.

Applied to Minds: An Introduction by Multicore ago
Applied to Harmful Options by Multicore ago