The suggestion that people are "satisficers" is similar to the view that people
A)are wealth-maximizers.
B)exhibit "bounded rationality."
C)go to a lot of trouble to weigh costs and benefits before choosing a course of action.
D)change their minds often.

Question

Quizplus · Accepted Answer

The concept of "satisficing" suggests that people make decisions based on achieving a satisfactory outcome rather than maximizing their outcome. This is similar to the idea of "bounded rationality," which suggests that people have limited cognitive abilities and cannot always fully analyze all possible options before making a decision. Therefore, option B is the best choice.

The Suggestion That People Are "Satisficers" Is Similar to the View