Which of the Following Is an Example of Bounded Rationality

question 43

Essay

Which of the following 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 2 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.

---

Definitions:

Bond Carrying Value

The net amount at which a bond is reported on the balance sheet, calculated as the face value of the bond minus any unamortized discounts or plus any unamortized premiums.

Sold At A Discount

Refers to selling a product or service below its usual price or the issuing of bonds below their face value.

Bond Carrying Amount

The net value of a bond recorded on the issuer's balance sheet, which can differ from its face value due to amortization of any discounts or premiums and issuance costs.

Sold At A Discount

Refers to selling an asset or security for a price that is less than its face value or original purchase price.