Which of the Following Statements BEST Describes Bounded Rationality

question 41

Multiple Choice

Which of the following statements BEST describes bounded rationality?

• A) Decision makers are limited by having incomplete information as well as by their values,unconscious reflexes,skills,and habits.
• B) Decision makers have complete information regarding the situation and all possible alternatives.
• C) Decision makers will be able to fully anticipate the consequences of each available alternative because these consequences define the boundary.
• D) People tend to be rational decision makers,and this fact bounds the creativeness and effectiveness of decisions.
• E) Alternative permutations make it imperative for rational decision makers to create a bounded number of evoked alternatives.

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Definitions:

Superimposing

The process of laying or placing one thing over another, typically so that both are still evident.

Patterning

The recurring or organized arrangement of elements in a particular sequence or design.

Construct

Bipolar quality or continuum used to classify people.