Farrell has a knack for selecting candidates who become very successful workers. When asked how he does it, he answered that he "listened to his gut." Farrell is really ________.
A) using his intuition
B) using bounded rationality
C) using perfect rationality
D) satisficing

Question

Quizplus · Accepted Answer

Farrell's answer suggests that he relies on his intuition, which is a form of non-conscious reasoning that is based on past experiences and knowledge. This is different from bounded rationality, which refers to decision-making that is limited by individuals' cognitive capacity and resources. Perfect rationality is an idealized concept that assumes individuals have access to complete and accurate information and can process it without any biases or limitations. Satisficing refers to decision-making that aims to find a solution that is satisfactory, rather than optimal. While it is possible that Farrell's approach involves satisficing, the fact that he mentions his gut suggests that he is mainly relying on intuition.

Farrell Has a Knack for Selecting Candidates Who Become Very