Examlex
Think about your first week on a college campus. How is the culture different from high school? Use five concepts from the chapter to help you convey the differences.
Participative Decision Making
Decision making in which individuals who are affected by decisions influence the making of those decisions.
Bounded Rationality
A concept that decision-makers are limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make decisions.
Heuristics
Mental shortcuts or rules of thumb that simplify decision-making processes.
Preferences
Individual choices or inclinations towards certain options, objects, or outcomes over others.
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