In Contrast to Roman Law Systems, Which Are Based on Legal

question 47

Multiple Choice

In contrast to Roman law systems, which are based on legal codes, the English common law developed primarily through _____________.

• A) judicial decisions
• B) statutes
• C) administrative orders
• D) royal edicts

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Definitions:

Behavioural Decision Model

Describes decision‐making with limited information and bounded rationality.

Bounded Rationality

Bounded rationality refers to the limitations on human decision-making caused by available information, cognitive limitations, and finite time.

Classical Decision Model

Describes decision‐making with complete information.

Optimising Decisions

Making choices that lead to the best possible outcome, considering all available information and constraints.