The _____ of decision making rests on the idea that there are constraints that force a decision maker to be less than completely rational.

A) rational model
B) truth-wins rule
C) bounded rationality model
D) two-thirds majority rule

Question

Janiyah Hackman · Accepted Answer

Final Answer : C, Explanation :  The bounded rationality model suggests that individuals are limited in their ability to be fully rational due to constraints such as limited information, cognitive limitations, and time constraints. This model acknowledges that while individuals aim to make rational decisions, their ability to do so is bounded by these limitations.

The _____ of decision making rests on the idea that there are constraints that force a decision maker to be less than completely rational.

A) rational model
B) truth-wins rule
C) bounded rationality model
D) two-thirds majority rule

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Learning Objectives

Learning Objectives

Related questions

The _____ of decision making rests on the idea that there are constraints that force a decision maker to be less than completely rational.A) rational modelB) truth-wins ruleC) bounded rationality modelD) two-thirds majority rule

Definitions

Learning Objectives

Learning Objectives

Related questions

The _____ of decision making rests on the idea that there are constraints that force a decision maker to be less than completely rational.

A) rational model
B) truth-wins rule
C) bounded rationality model
D) two-thirds majority rule