Luke purchases R2-D2 and C-3PO (A New Hope)

Luke and Owen switch the R2 units they wish to buy when a single part fails. A truly rational decision would factor in the expected failure of all parts; however, such an investigation would be too costly and they are limited to the knowledge that they have at hand. Thus they are using bounded rationality, which is the idea that an individual’s ability to make fully rational decisions are limited. Learn more about bounded rationality from this clip!

Discussion Questions for Luke purchases R2-D2 and C-3PO

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