What types of tools does a rationally bounded individual use to make a decision?
A) Calculator.
B) Advertising.
C) "Rule of thumbs" or heuristics.
D) His friends.

Name: What types of tools does a rationally bounded individual use to make a decision? A) Calculator. B) Advertising. C) "Rule of thumbs" or heuristics. D) His friends.
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Question

Quizplus · Accepted Answer

Rationally bounded individuals often use heuristics or "rule of thumbs" to simplify decision-making processes when faced with complex problems or limited information.

What Types of Tools Does a Rationally Bounded Individual Use