The "good enough" perspective on decision making is known as ________.
A) bounded rationality
B) framing
C) a nudge
D) default bias

Question

Quizplus · Accepted Answer

The "good enough" perspective on decision making is associated with bounded rationality, a concept introduced by Herbert Simon. It suggests that individuals make decisions based on the limited information available to them and within the constraints of their mental capacity and time, aiming for a satisfactory solution rather than an optimal one.

The "Good Enough" Perspective on Decision Making Is Known as ________