The behavioral decision model attempts to provide which of these decisions?
A) Classical
B) Satisficing
C) Programmed
D) Optimizing

Question

Quizplus · Accepted Answer

The behavioral decision model, associated with Herbert Simon's work, suggests that individuals aim for "satisficing" decisions rather than optimizing ones due to limitations in information, time, and cognitive processing ability. This approach acknowledges that people settle for a solution that is "good enough" rather than the best possible solution, due to these constraints.

The Behavioral Decision Model Attempts to Provide Which of These