The theory of rational inattention, an extension of bounded rationality, studied by Christopher Sims, found that decisions may be chosen with incomplete information as opposed to affording the cost to receive complete information. This shows that decision makers choose to endure bounded rationality.Sent, E. (2018). Rationality and Bounded Rationality: You can't have one without the Other. The European Journal of the History of Economic Thought, 25(6), 1370-1386. https://doi.org/10.1080/09672567.2018.1523206
