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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.
The Memorandum of Understanding (MoU) signed between India and the United States for International Development/India (USAID/India) on June 14, 2023, is ...
Which ancient city in Uttar Pradesh is known as the oldest continuously inhabited city in the world?
Which team won the inaugural ACC Women’s U19 Asia Cup 2024?
Which instrument is used to measure atmospheric pressure?
Who was the first woman to win a Nobel Prize?
Which section of the Indian Constitution contains the anti-defection law?
In which year was the Insurance Regulatory and Development Authority of India (IRDAI) established?
The recently discussed 'Democracy Report 2024' has been released by which of the following?