Which of the following captures the quandary we face as humans when we have choices to make,but are limited by our own cognitive capacity?
A)The rule of reciprocity.
B)Social proof.
C)Cognitive bias.
D)Bounded rationality.
E)The principle of least interest.

Question

Quizplus · Accepted Answer

Bounded rationality is the idea that we have limited cognitive abilities and can't always make completely rational and optimal decisions. We can only process a certain amount of information and our emotions, biases, and past experiences can also affect our choices. Understanding this concept can help us make better decisions by acknowledging our limitations and seeking out additional information or perspectives. The other options may also relate to decision-making, but do not specifically capture the idea of limited cognitive capacity.

Which of the Following Captures the Quandary We Face as Humans