__________ accepts the notion of bounded rationality and assumes that decision makers act only in terms of what they perceive about a given situation.
A)Behavioral decision theory
B)Perceptive decision theory
C)Cognitive decision theory
D)Classical decision theory
E)Visual decision theory

Question

Quizplus · Accepted Answer

Behavioral decision theory is the only option that accepts the notion of bounded rationality, which suggests that decision makers have limited cognitive abilities and must make decisions based on the information available to them. It also recognizes that individuals may be influenced by biases, emotions, and other psychological factors that impact their decision-making processes. The other options do not explicitly take these factors into account.

__________ Accepts the Notion of Bounded Rationality and Assumes That