The __________ describes decision making with limited information and bounded rationality where people are assumed to act only in terms of what they perceive about a given situation is called.
A) behavioural decision model
B) personal decision model
C) biased decision model
D) executive decision model
E) descriptive decision model

Question

Quizplus · Accepted Answer

The behavioral decision model describes decision-making with limited information and bounded rationality, focusing on how people actually make decisions based on their perceptions and understanding of a situation, rather than assuming they have access to all information and can make perfectly rational choices.

The __________ Describes Decision Making with Limited Information and Bounded