Why Do We Make So Many Errors in Decision Making,according

question 212

Multiple Choice

Why do we make so many errors in decision making,according to the theory of bounded rationality

• A) Our brains have evolved to solve problems that are different from many of the problems we currently face in our modern environment. 
• B) We are incapable of actually considering all the factors necessary to make an optimal decision. 
• C) We have poor mathematical abilities, and so we miscalculate risks and benefits. 
• D) We are far too affected by our emotions to make difficult decisions.

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Definitions:

Anti-globalization

A social movement that opposes the global integration of economies, arguing it leads to the erosion of local cultures, exploitation of workers, and environmental degradation.

Regionalization

The process of dividing an area into smaller regions, often to enhance administrative efficiency or reflect socio-cultural distinctions.

Cosmopolitanism

An ideology or perspective advocating for the recognition and appreciation of diverse cultures, ethnicities, and identities, emphasizing global interconnectedness and mutual respect among people.

Communication Technology

The use of tools and applications to facilitate human interaction and the exchange of information over distances.