The ________ focuses on the decision maker as a satisficer.
A) retrospective decision model
B) implicit favorite model
C) rational model
D) bounded rationality model

Question

Quizplus · Accepted Answer

The bounded rationality model acknowledges that decision makers can only process a limited amount of information and often make decisions that are "good enough," or satisfactory, rather than seeking the optimal solution. This concept of satisficing is a key feature of the bounded rationality model.

The ________ Focuses on the Decision Maker as a Satisficer