Question

__________ emerges when decision makers have limits on their ability to assimilate large amounts of information.

A Intuitive Rationality Correct Answer Incorrect Answer
B Irrationality Correct Answer Incorrect Answer
C Limited rationality Correct Answer Incorrect Answer
D Bounded rationality Correct Answer Incorrect Answer
E Rounded rationality Correct Answer Incorrect Answer

Solution

The theory of bounded rationality holds thatan 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.

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