Herbert Simon's concept of "bounded rationality" asserts that decision making will never be perfectly rational because decision makers never have
A) common sense.
B) freedom from political pressure.
C) complete information.
D) the courage to put national goals ahead of re-election goals.

Question

Quizplus · Accepted Answer

Herbert Simon's concept of "bounded rationality" suggests that individuals are limited in the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make decisions. Therefore, they cannot achieve perfect rationality, primarily due to the impossibility of having complete information.

Herbert Simon's Concept of "Bounded Rationality" Asserts That Decision Making