The Theory of Bounded Rationality Is Consistent with Which of the Following

question 111

Multiple Choice

The theory of bounded rationality is consistent with which of the following?

• A) None of our decisions are rational.
• B) Our rationality depends on rules of thumb such as "you get what you pay for."
• C) It is irrational to follow principles such as "follow the leader."
• D) It always pays to be irrational.

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Definitions:

Kant

Refers to Immanuel Kant, an 18th-century German philosopher who made pivotal contributions to the development of modern philosophy, especially in the areas of epistemology and ethics.

Universalizability

The ability to be applied to everyone without exception. This is an essential feature of moral principles, according to Immanuel Kant and others.

Ethical Relativist

A belief that morality is not universal and what is considered morally right or wrong varies from culture to culture.

Female Circumcision

A cultural and religious practice involving the partial or total removal of the external female genitalia, often debated for its health implications and ethical concerns.