The idea that limited information and limited cognitive abilities lead people to make suboptimal choices is called bounded _____, and the idea that there are limitations on our determination is called bounded:
A) choices; willpower.
B) rationality; willpower.
C) willpower; limits.
D) minds; limits.

Question

Quizplus · Accepted Answer

The correct terms are "bounded rationality" for the concept that people make decisions based on the limited information and cognitive abilities they have, leading to suboptimal choices, and "bounded willpower" for the concept that there are limitations on people's self-control or determination.

The Idea That Limited Information and Limited Cognitive Abilities Lead