ABSTRACT

The characteristics of human cognition shape and constrain our thinking and reasoning. Among the most important limitations are attention span, input information capacity, bounded rationality, and the efficiency-thoroughness trade-off. The result of these limitations is a fragmented view of the world that affects how we can manage it. Although we are usually able to cope with these limitations in our daily work and lives, they can have serious consequences for a world that changes faster than we are able to understand, and often because we are not able to understand it.