When people are asked "if you fold a piece of paper 50 times,how high will it be?" they tend,at best,to say a tall building.In reality it would reach to the sun.Human decisions are limited by ____.
A)bounded rationality
B)escalation of commitment
C)satisficing
D)coalition
E)political forces

Question

Quizplus · Accepted Answer

Bounded rationality is the concept that human decision-making is limited by cognitive and environmental factors, leading to decisions that are "good enough" but not necessarily optimal. In this case, people have a limited understanding of exponential growth and how quickly it can lead to enormous numbers, resulting in a decision that is not rational or accurate.

When People Are Asked "If You Fold a Piece of Paper