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Herbert Simon
An American economist, political scientist, and cognitive psychologist known for his contributions to decision-making processes and artificial intelligence.
Satisfactory Alternatives
Acceptable options or solutions that are considered adequate for meeting a particular need or solving a problem, albeit not necessarily the best possible ones.
Optimal Decisions
The process of choosing the best possible solution or course of action from among various alternatives based on specific criteria and objectives.
Risk Management
Involves anticipating risks and factoring them into decision making.
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