According to Simon's bounded rationality, which of the following factors prevents decision makers from being truly rational?
A)They have complete information about alternatives and consequences.
B)The problems they face are too simple and require little thought.
C)Human beings are not exposed to very much information.
D)People have too much time on their hands and overthink decisions as a result.
E)People, including those in the same organization, have conflicting goals.

Question

Quizplus · Accepted Answer

According to Simon's bounded rationality, decision makers are limited by various factors such as limited cognitive abilities, incomplete information, and time constraints. One of the key factors he identified is the presence of conflicting goals among people, including those within the same organization. This leads to a situation where it is difficult to arrive at a truly rational decision that satisfies all parties involved. Therefore, option E is the correct answer.

According to Simon's Bounded Rationality, Which of the Following Factors