According to Simon's theory of bounded rationality, why do humans tend to make irrational decisions?

Question

Quizplus · Accepted Answer

According to Simon's theory of bounded rationality, humans have limited cognitive abilities and can only process a limited amount of information. Due to this limitation, humans tend to use simple strategies and focus on only a limited amount of information when making decisions, which can lead to irrational decision-making. Therefore, option B is the best choice as it explains that humans tend to make irrational decisions because they use simple strategies and limited information. Options A, C, and D are incorrect as they do not accurately represent Simon's theory.

According to Simon's Theory of Bounded Rationality, Why Do Humans