The concept of "satisficing" is basic to the ____ model of decision making.
A) political
B) evidence-based
C) bounded rationality
D) rational

Question

Quizplus · Accepted Answer

The concept of "satisficing" is a core element of the bounded rationality model of decision making. This model posits that individuals make decisions that are rational within the limits of their available information, cognitive abilities, and time constraints, rather than attempting to make optimally rational choices. Satisficing refers to the tendency to choose an option that is "good enough" rather than the absolute best option, given the constraints of the decision-making situation.

The Concept of "Satisficing" Is Basic to the ____ Model