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Seminar paragraph. Define Ecological Rationality and Its Relationship with Bounded Rationality (Essay Sample)

Instructions:

After reading the chapter from Gigerenzer, please write a paragraph or two answering for each of the following questions:
Define ecological rationality and its relationship with bounded rationality:
What are the differences between ecological rationality and other normative models of rationality?

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Rationality
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Institution:
Rationality
Define Ecological Rationality and Its Relationship with Bounded Rationality
Ecological rationality is a premise that claims a decision’s rationality is dependent on the conditions that formed its occurrence so as to accomplish an individual’s goals in the specified context. Conversely, the “rational choice theory” claims that rationality that is practical involves decision-making processes that adhere to some rigid rules. The theory disregards the context that ecological rationality supports (Gigerenzer, 2016).

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