The Hypothesis That People Are Nearly, but Not Fully Rational

question 33

Multiple Choice

The hypothesis that people are nearly, but not fully rational, cannot possibly fully examine every available choice, and utilize simple rules of thumb in making decisions is known as the

• A) irrationality hypothesis.
• B) ceteris paribus hypothesis.
• C) individual aggregation hypothesis.
• D) bounded rationality hypothesis.

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Definitions:

Pseudo Morpheme

A unit of sound or a part of a word that appears to have meaning or function as a morpheme but does not qualify as one in the language structure.

Morphemes

The smallest units of meaning in a language, which can be a single word, prefix, or suffix.

Phonemes

Phonemes are the basic units of sound in a language that distinguish one word from another, for example, the difference in sound between "bat" and "pat."

Speech Stream

The continuous flow of spoken language that a listener receives, which they must segment into recognizable units or words.