Lesson 3: Bounded Rationality & Everyday Choices
Duration of Days: 4
Lesson Objective
Evaluate how limited time, information, and attention shape decision-making.
Why can’t people always make the “best” choice?
How do limits on time and information affect decisions?
D2.Eco.9.9-12
WHST.11-12.2
Students examine real-life scenarios (school, money, technology, relationships) to explain how bounded rationality influences everyday decisions and outcomes.
DOK 4
Choice of scenario
Choice of response format
Structured templates
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Reflection: “A decision I regret—and why I made it”