When a leader makes a decision that is imperfectly rational, what is the concept called?
A)Historical experience
B)Intentional bias
C)Bounded rationality
D)Cognitive dissonance

Question

Quizplus · Accepted Answer

Bounded rationality refers to the concept that in decision-making, the rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision.

When a Leader Makes a Decision That Is Imperfectly Rational