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Direct linkHanoch, Yaniv; Wood, Stacey; Rice, Thomas – Human Development, 2007
Herbert Simon's work on bounded rationality has had little impact on researchers studying older adults' decision making. This omission is surprising, as human constraints on computation and memory are exacerbated in older adults. The study of older adults' decision-making processes could benefit from employing a bounded rationality perspective,…
Descriptors: Older Adults, Memory, Decision Making, Attention
