According to Herbert Simon, Most Human Decision Making, Whether Individual

question 42

True/False

According to Herbert Simon, most human decision making, whether individual or organizational, is concerned with the discovery and selection of satisfactory alternatives; only in exceptional cases is it concerned with the discovery and selection of optimal decisions.

---

Definitions:

Specific Performance

A judicial decree that requires a party to perform a specific act, usually what is stated in a contract, as opposed to paying damages for failing to perform.

Van Gogh

A Dutch post-impressionist painter known for his vivid paintings and tumultuous life, considered one of the most influential figures in the history of Western art.

Monetary Damages

Compensation in the form of money awarded to a person for loss or injury caused by the acts or omissions of another.

Treasury Bill Rates

The interest rates associated with short-term government securities issued by the Treasury of a country, considered low-risk investments.