The Concept of Bounded Rationality Holds That

question 26

Multiple Choice

The concept of bounded rationality holds that:

• A)our perception of a rational reality is bounded by nonrationality.
• B)decision makers process limited and imperfect information and therefore rarely select the best choice.
• C)decision makers have limited alternatives to make decisions.
• D)decision makers are bound to project images of themselves as rational thinkers.
• E)our realities are bounded by our own perceptions so that everyone's reality is different.