Satisficing,bounded rationality and uncertainty are all associated with the:
A) classical model of decision making
B) administrative model of decision making
C) quantitative model of decision making
D) rational model of decision making
E) political model of decision making.

Question

Quizplus · Accepted Answer

Satisficing, bounded rationality, and uncertainty are all concepts that are consistent with the administrative model of decision making. The administrative model recognizes that decision makers often face incomplete information and must make decisions within the constraints of time and resources. This model emphasizes that decision making is a process of satisfying rather than optimizing, and that the decision maker's cognitive limitations will impact their ability to make rational choices.

Satisficing,bounded Rationality and Uncertainty Are All Associated with The