The Satisficing Approach to Decision Making Is Based on the Assumption

question 66

True/False

The satisficing approach to decision making is based on the assumption that the people have the time and cognitive ability to process only a limited amount of information.

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Definitions:

Independent Variable

The experimental element that is manipulated to observe its effects on the dependent variable within a study.

Dependent Variable

In experimental research, it is the variable that is being tested and measured, expected to change as a result of modifications to the independent variable.

Experimenter Bias

An unwanted influence on research outcomes due to the researcher's expectations, preferences, or beliefs potentially affecting the data or interpretation.

Research Participant Bias

In an experiment, the influence of participants’ expectations, and of their thoughts on how they should behave, on their behavior.