"Humans try to avoid making some decisions even when the consequences of no decision are costly." This statement supports the concept of _____

Question

Quizplus · Accepted Answer

Bounded rationality is the idea that we have limited cognitive abilities and can't always make the best decision possible. This can lead to avoiding making decisions that seem difficult or overwhelming, even if the consequences of not making a decision are costly.

"Humans Try to Avoid Making Some Decisions Even When the Consequences