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:

Ableism

Discrimination and social prejudice against people with disabilities, based on the belief that typical abilities are superior.

Wheelchair

A chair mounted on wheels designed to provide mobility to individuals who are unable to walk due to illness, injury, or disability.

GDP

Gross Domestic Product, a monetary measure that represents the market value of all final goods and services produced within a country during a specific period.

Elderly Dependency Ratio

The ratio of seniors to workers.