Bounded rationality says that we are likely to:
A)pick the alternative that minimizes value
B)evaluate each alternative as soon as we think about it
C)use accurate information to evaluate alternatives
D)develop an exhaustive list of alternatives to consider as solutions
E)pick the alternative that maximizes value

Question

Quizplus · Accepted Answer

Bounded rationality suggests that individuals evaluate alternatives as soon as they think about them, rather than considering all options exhaustively or using perfectly accurate information.

Bounded Rationality Says That We Are Likely To