Final answer:
Bounded rationality is a useful technique for group decision-making within limitations, contrasting the idealized rational decision model.
Explanation:
Bounded rationality is a technique that can help a group discuss a complex multi-factor decision by acknowledging that decision-makers have limits on their ability to process information and consider all alternatives thoroughly. Unlike the rational decision model which assumes decision-makers have perfect information and can evaluate all options completely, bounded rationality recognizes the constraints of time, cognitive capacity, and information availability. This technique encourages groups to make satisfactory decisions that are 'good enough' given the restrictions they face.
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