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Kathy,who is in late adulthood,has noticed that she no longer spends time with her former colleagues from work,but spends a great deal of time with people who she volunteers with at a local volunteer ambulance base.She finds that her friends who volunteer bring her a great degree of happiness and she has a lower degree of conflict,if any,with them.It is clear that Kathy has moved towards a(n) _________.
Limited Information
The situation of having insufficient data or knowledge to make fully informed decisions.
Bounded Rationality
A decision strategy that relies on limited information and that reflects time constraints and political considerations.
Bounded Rationality
A theory suggesting that decision-makers are limited by the information they have, their cognitive limitations, and the finite amount of time they have to make a decision.
Time Constraints
The limitations or deadlines imposed on a task or project, influencing its completion.
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