__________ refers to the inability of human beings to process an unlimited amount of information, causing most decisions to be made in a partially irrational manner.
A) Post-decision dissonance
B) Groupthink block
C) Satisficing
D) Bounded rationality
E) Suboptimising

Question

Quizplus · Accepted Answer

Bounded rationality, as described by Herbert Simon, suggests that people have a limited capacity to process all available information, causing them to make decisions in a partially irrational manner. This concept acknowledges that people often settle for "good enough" decisions rather than trying to optimize every possible outcome. The other options (post-decision dissonance, groupthink block, satisficing, and suboptimizing) do not specifically relate to this concept.

__________ Refers to the Inability of Human Beings to Process