____ refers to the inability of human beings to process an unlimited amount of information, causing most decisions to be made in a partially irrational manner.
A) Post-decision dissonance
B) Groupthink block
C) Satisficing
D) Bounded rationality
E) Suboptimizing

Question

Quizplus · Accepted Answer

Bounded rationality is the concept that humans have a limited ability to process information and make decisions. This means that decisions are often made in a partially irrational manner because we cannot consider all options and information available to us. Choices A, B, C, and E do not accurately describe this concept.

____ Refers to the Inability of Human Beings to Process