If Psychological Limitations and Other Complications Cause People to Be

question 163

Multiple Choice

If psychological limitations and other complications cause people to be unable to examine and think through every possible choice available to them and rely instead on rules of thumb, then these individuals exhibit

• A)unbounded rationality.
• B)normative thinking.
• C)bounded rationality.
• D)positive thinking.

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Definitions:

Lost Work

Creative or scholarly work known to have been created but is no longer extant or cannot be found.

Volenti Non Fit Injuria

A legal defense stating that individuals who willingly put themselves in a situation of risk cannot seek compensation for resulting harm.

Icy Sidewalk

A walkway made slippery by a coating of ice, presenting a hazard to pedestrians.

Legal Action

The process of taking formal steps through the court system to enforce or defend a legal right.