The Notion of Bounded Rationality Suggests That People Are Not

question 20

True/False

The notion of bounded rationality suggests that people are not innately logical and, instead, rely on mental shortcuts to make decisions.

---

Definitions:

Openness to Experience

A personality trait that features the desire to explore new activities, ideas, and experiences.

Five-Factor Model

A theory that describes human personality through five dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Extraversion

A personality trait that describes individuals who are outgoing, energized by being around other people, and tend to seek stimulation in the external world.

Sociable

Characteristic of being inclined to seek social interactions and enjoy spending time with others.