The "good enough" method of decision making is also called:

Question

Quizplus · Accepted Answer

The "good enough" method of decision making is also called bounded rationality, which means that on occasions that we do not have access to all information necessary, we will opt for a satisfactory outcome rather than an optimal one. It is a decision-making process that takes into account limitations such as incomplete information, cognitive biases, and time constraints. Therefore, it is the best answer to this question. A and B are not applicable to the concept of "good enough" decision-making, while D undermines the rational basis of decision-making.

The "Good Enough" Method of Decision Making Is Also Called