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Doug is unemployed. He has been searching for a job for 7 weeks. Doug complains to his wife Ellen that unemployment rates are very high because the Mexicans are taking all of the jobs in the country. This unfair accusation against Mexicans is an example of:
Satisficing
A decision-making strategy that aims for a satisfactory or "good enough" solution rather than the optimal solution, especially when addressing complex issues.
Optimizing
The process of making something as fully perfect, functional, or effective as possible.
Selecting Condos
This term refers to the process of evaluating and choosing condominiums as a form of housing based on specific criteria such as location, price, amenities, and personal preferences.
Shafir, Simon, And Tversky
Researchers known for their contributions to the field of decision-making and behavioral economics, though no combined work by all three is specifically famous.
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