In the context of human compromises in decision making,bounded rationality occurs when a decision maker:
A) tends to select an alternative that he or she has tried before and that has delivered acceptable results.
B) considers alternatives only until one is found that meets his or her minimum criteria for acceptability.
C) relies on his or her intuition and gut instincts, while analyzing alternatives, instead of collecting impartial data.
D) tends to favor solutions that he or she believes can be justified to others.
Correct Answer:
Verified
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