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Experimental Investigation of the Bounded Rationality Constraint,
MASSACHUSETTS INST OF TECH CAMBRIDGE LAB FOR INFORMATION AND DECISION SYSTEMS
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The cognitive limitation of human decisionmakers is one of the determinants of organizational performance. A basic assumption in the analytical methodology for organizational design is that bounded rationality sets an upper limit on the amount of information that can be processed. When this rate constraint is exceeded, performance should be seriously degraded. An experiment that represents a first attempt to quantify the level of cognitive workload associated with the bounded rationality constraint of humans has been designed. The results of the experiment indicate that a threshold level can be established and used in the design of multi-person experiments.
APPROVED FOR PUBLIC RELEASE