According to Herbert Simon,what underlies the "bounded rationality" of human thought processes?
A)the tendency of humans to be too constrained by past experiences.
B)utilizing deductive reasoning rather than inductive problem-solving techniques.
C)applying limited resources to situations that require a quick response.
D)the overwhelming evolutionary significance of language development.

Question

Quizplus · Accepted Answer

According to Herbert Simon, bounded rationality is when individuals have limited resources (such as time, information, and cognitive abilities) to make decisions, so they must simplify complex problems and rely on heuristics or rules of thumb. This results in suboptimal decision-making. Therefore, the "bounded rationality" of human thought processes underlies the limited resources available to individuals for decision-making, such as in situations that require a quick response like emergencies where there is no time for complete information processing.

According to Herbert Simon,what Underlies the "Bounded Rationality" of Human