📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    Which of the following is not a constraint(s) under

    Bounded rationality that lead to a satisficing decision?
    A Cognitive limitations Correct Answer Incorrect Answer
    B Information imperfection Correct Answer Incorrect Answer
    C Time constraint Correct Answer Incorrect Answer
    D Environmental constraints Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    The theory of bounded rationality holds that an individual's rationality is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

    Practice Next
    More Introduction of Decision Making Questions

    Relevant for Exams:

    ask-question