Question
As per Herbet Simon’s bounded rationality theory,
the decision made is ______ in nature.Solution
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.
Which dynasty did the Shishunaga dynasty follow in ruling Magadha?Â
The Eastern Ghats stretch from the ____________ to the Nigiris in the south.
Which pillar inscription records the achievements of Samudragupta, often referred to as the 'Napoleon of India'?
Which year did Ibn Battuta arrive in India?
Consider the following statements regarding iqta system:
1. Iqtas were administered by Muqtis.
2. Iqtas were made hereditary by Sultan Fir...
In which year, Mahatama Gandhi travelled to struggle against the operssive plantation system?
On which river's bank is the archaeological site Harappa located?
‘Nauroj’ a nine day festival is introduced in India by which of the following king?
Consider the following statements with reference to Chalcolithic culture in India:
1. Most of the sites of Ahar culture were located in the Banas...
Consider the following statements with respect to Sittanvasalpaintings:
1. These paintings were patronized by the Pandyas
2. These pai...
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