What Is Meant by "Bounded Rationality

question 2

Multiple Choice

What is meant by "bounded rationality"?

• A) Leaders choose the best of all alternatives.
• B) Leaders choose the best of all known alternatives.
• C) Leaders make decisions based on passions and personal whims.
• D) Leaders do not weigh costs and benefits in making decisions.

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Definitions:

Quantifier

In logic and mathematics, quantifiers express the quantity of specimens that satisfy a condition, typically expressed as "all," "some," or "none."

Copula

In logic and linguistics, a word or a set of words that links the subject of a sentence to a subject complement, such as the verb 'to be'.

Quantifier

A logical operator that specifies the quantity of specimens in the domain of discourse that satisfy an open formula.

Categorical Proposition

A statement that asserts or denies something about every member of a particular category.