Which decision making model describes how decision-makers seek to act as rationally as possible within certain bounds or limits?
A)Rational-comprehensive
B)Incrementalism
C)Bounded rationality
D)"Garbage can model"

Question

Quizplus · Accepted Answer

The bounded rationality model of decision-making explains how individuals aim to make the most rational decision possible within the constraints of limited information, time, and cognitive processing ability. This concept acknowledges that while decision-makers strive for the best outcome, they operate under certain limitations that prevent them from achieving the perfect or optimal decision.

Which Decision Making Model Describes How Decision-Makers Seek to Act