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A farmer started irrigating a soil some 10 years ago but in recent years yields have declined and the soil physical condition has deteriorated.Which of the following most likely accounts for this situation?
Existing patterns
Pre-established modes or paths of action that are typically followed within an organization or society.
Bounded rationality
A concept that human decision-making is limited by available information, cognitive limitations, and time constraints, leading to satisficing rather than optimal decisions.
Behavioral decision theory
A theoretical approach that studies the psychological factors influencing individuals' decision-making processes.
Potential investment
Refers to the opportunity to allocate resources, typically financial, into projects, assets, or ventures, with the expectation of generating a beneficial return over time.
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