Which Statement Is an Example of Bounded Rationality

question 111

Multiple Choice

Which statement is an example of bounded rationality?

• A)Ann proofreads her term paper six times.
• B)Mary feels that she has studied enough to make an A+ on her economics exam but studies another two hours just to be sure.
• C)Tim studies only an hour on the morning of his economics exam because he is satisfied just to make a passing grade.
• D)Terry does his economics homework twice to be sure that he has a thorough understanding of the topic.

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Definitions:

Animal Research Procedures

The methods and protocols followed in conducting research involving animals, often focusing on ensuring ethical treatment and minimizing harm.

Visual Stimuli

Any object or element within the environment that can be seen and is used in psychological experiments to elicit a response from the participant.

Minimal Risk

A research criterion indicating that the likelihood and magnitude of harm or discomfort anticipated in the research are not greater than those encountered in daily life or during routine physical or psychological examinations.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, typically measured to assess heart health.