Policy makers often are constrained by bounded rationality and tend to engage in satisficing decision making.

Question

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Bounded rationality means that individuals have a limited capacity to process information and make decisions. As a result, they may engage in satisficing, which is a decision-making strategy that seeks to select the first available alternative that meets a satisfactory level of criteria, rather than trying to identify the best possible option. This is a concept commonly applied to policy makers who may be limited in their ability to fully analyze all potential options and instead choose a solution that is "good enough."

Policy Makers Often Are Constrained by Bounded Rationality and Tend