In the Context of Human Compromises in Decision Making,bounded Rationality

question 76

Multiple Choice

In the context of human compromises in decision making,bounded rationality occurs when a decision maker:

• A) tends to select an alternative that he or she has tried before and that has delivered acceptable results.
• B) considers alternatives only until one is found that meets his or her minimum criteria for acceptability.
• C) relies on his or her intuition and gut instincts, while analyzing alternatives, instead of collecting impartial data.
• D) tends to favor solutions that he or she believes can be justified to others.

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Definitions:

Rejection

The act of dismissing or refusing someone or something, often leading to psychological effects such as feelings of inadequacy or sadness.

Aggression

Aggression is behavior aimed at causing harm or pain to others, which can be physical or verbal, and motivated by various factors including anger, frustration, or social dominance.

Sociometric Techniques

Quantitative methods used to measure social relationships and structures, often by analyzing the choices or preferences within a group.

Social Status

An individual's position or rank within a society based on various factors such as wealth, occupation, education, or family lineage.