Bounded rationality says we are likely to do all of the following,except?
A)Pick the alternative that maximizes value
B)Evaluate each alternative as soon as we think of it
C)Use distorted and inaccurate information during the evaluation process
D)Satisfice
E)Boil the problem down to something that is easily understood

Question

Quizplus · Accepted Answer

Bounded rationality suggests that individuals are limited in their decision-making capabilities and often settle for a satisfactory solution rather than the optimal one. Therefore, they do not necessarily pick the alternative that maximizes value.

Bounded Rationality Says We Are Likely to Do All of the Following,except