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

Quizplus · Accepted Answer

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