Book excerpt: The other, a contrasting and more contemporary approach, is the model of "bounded rationality," according to which people are surprisingly irrational, or at best arational, in their thinking, often deriving ill-conceived shortcuts that lead them to wrong conclusions. This text is a synthesis of these two approaches, combining the best elements of each to offer a radically inclusive new theory. It emphasizes multiple points of view, including the objective, but also the subjective views of the self and others.