______ is the idea that we are restricted by a variety of constraints when it comes to making decisions.
A) Essential rationality
B) Bounded rationality
C) Complete rationality
D) Instrumental rationality

Question

Quizplus · Accepted Answer

Bounded rationality is the concept that in decision-making, individuals are limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

______ Is the Idea That We Are Restricted by a Variety