Question
The bounded rationality model can be used in the
following situations except when __________Solution
TheĀ bounded rationality modelĀ of decision making recognizes the limitations of our decision-making processes. According to this model, individuals knowingly limit their options to a manageable set and choose the first acceptable alternative without conducting an exhaustive search for alternatives.Ā When information on alternatives can be gathered and quantified, a rational decision-making modelĀ is used so as to maximize the quality of their outcomes.
A person who advocates separation of the state from religious institutions is called a
In 1976, in which Part of the Indian Constitution under Article 51A were Fundamental Duties added?
Where is the first a private agricultural mandi (market) was setup in India?
Green Climate Fundās thirty-fourth meeting of the Board will take place from Monday, 24 October to Thursday, 27 October 2022, its headquarters is in _...
Which of the following cities has been included in the top ten cities in the Sustainable Development Goals (SDG) Urban Index and Dashboard 2021-22 by NI...
In which of the following Stadiums does the Madhya Pradesh Cricket team play the majority of their home games in Ranji Trophy?
The intricate Kasuti embroidery, honoured with a Geographical Indication (GI) tag and known for reflecting the traditions and customs of women through d...
Following Rome's withdrawal, which city has been selected to host the 2027 World Athletics Championships?
Heron drones, inducted by Indian forces for enhancing their surveillance capability, are acquired from
Acid rain results when ____ is emitted into the environment.
Relevant for Exams:
