Rather than seeking to rationally understand everything that is involved in a particular policy or optimize every action taken to address a problem,policy makers may actually seek to ________,which can lead to less-than-rational and less-than-efficient public policy.
A) use bounded rationality
B) rationalize
C) satisfice
D) table

Question

Quizplus · Accepted Answer

Satisficing is the process of making decisions based on a predetermined level of acceptability, rather than seeking the optimal solution. It involves choosing an option that is satisfactory but not necessarily the best. This can lead to less-than-rational and less-than-efficient public policy, as the decision may not be fully rationalized or optimized. Bounded rationality, on the other hand, acknowledges that humans have limits to their rationality and information-processing abilities, and seeks to make decisions that are "good enough" rather than perfect. Tabling simply means to postpone discussion of an item to a later time.

Rather Than Seeking to Rationally Understand Everything That Is Involved