When a Decision Maker Chooses an Alternative Under Perfect Rationality

question 40

Multiple Choice

When a decision maker chooses an alternative under perfect rationality, she chooses a ________ decision, whereas under bounded rationality, she chooses a ________ decision.

• A)minimising; satisfying
• B)satisficing; maximising
• C)maximising; satisficing
• D)maximising; minimising
• E)minimising; maximising

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Definitions:

Instinct Theories

Theories suggesting that behavior is driven by innate, biologically determined instincts, which are automatic and unlearned responses to stimuli.

Injunctive Norm

Social norms that are perceived as the socially accepted way of behaving in a particular social context, including what behaviors are approved or disapproved by society.

Plasma Testosterone

The concentration of testosterone, a primary male sex hormone, present in the blood plasma.

Dominating

Exerting control or influence over others in an assertive or aggressive manner.