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According to Simon, because of bounded rationality, the decision made is ‘satisficing’ in nature i.e. they only satisfy and suffice but not maximise. Thus, a decision maker is looking for a satisfactory solution for a problem in the given situation and the constraints and not for the ideal solution as that may lead to an endless search.
Who has been appointed as the Chairman of the National Technical Research Organisation (NTRO)?
Which condition must be met by custodian banks to issue IPCs, according to the revised RBI guidelines?
What was the significant finding of the World Bank report regarding India's GDP growth?
Which is the most peaceful country in the world according to the Global Peace Index 2023?
Recently, In order to reach seventeen lakh defense pensioners nationwide, the Defence Ministry has inked an MoU with which two banks?
What is the primary purification technology used in GAIL’s CBG plant in Ranchi?
Which new development scheme in Himachal Pradesh promotes natural farming?
Who released recommendations on "Encouraging Innovative Technologies, Services, Use Cases and Business Models through Regulatory Sandbox in Digital Comm...
Recently PM Narendra Modi inaugurated Jagadguru Shrisant Tukaram Maharaj Shila Mandir in____?
The Defense Minister of India had inaugurated a Siyom Bridge on 3rd January, 2023 at a cost of Rs 724 crore, in which state of India?
