Bounded Rationality Suggests That

question 90

Multiple Choice

Bounded rationality suggests that

• A) individuals might make "incorrect" decisions because they are unable to consider all possible options.
• B) individuals would rather have less choice to more choice.
• C) rational decisions can only be made when choices are restricted.
• D) individuals are happier when their choices are restricted or "bounded."

---

Definitions:

Socioeconomic Status

An individual's or group's position within a societal hierarchy, determined by factors such as income, education, occupation, and wealth.

Gender Stereotyping

The practice of assigning specific attributes, roles, or behaviors to individuals based solely on their perceived gender, often leading to prejudice and discrimination.

The Looking-glass Self

A concept in sociology that suggests our self-image is shaped by how we believe others perceive us.

The I and the Me

A sociological concept developed by George Herbert Mead, describing two parts of the self: "the I" as the response of an individual to the attitudes of others, and "the Me" as the social self formed by adopting these attitudes.