Decision Makers Construct Simplified Models That Extract the Essential Features

question 6

Multiple Choice

Decision makers construct simplified models that extract the essential features from problems without capturing all their complexity. That is, they operate within the confines of ________.

• A) optimal decision making
• B) intuitive decision making
• C) bounded rationality
• D) rationality
• E) common sense

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Definitions:

Comprehending

The cognitive process of understanding or making sense of texts, symbols, or situations.

Decision Making

The process(es) by which an individual selects one course of action from among alternatives.

Problem Solving

The process of finding solutions to difficult or complex issues.

Deductive Reasoning

A process of logical reasoning from one or more statements (premises) to reach a logically certain conclusion.