The satisficing decision maker is best characterised as someone who:
A)follows a decision confirmation process.
B)considers all alternatives.
C)operates within the confines of bounded rationality.
D)carries out a search for consistency.

Question

Quizplus · Accepted Answer

The satisficing decision maker operates within the confines of bounded rationality, meaning they make decisions based on limited information and resources, and accept choices that are adequate, but not necessarily optimal or perfect. They may not consider all alternatives and do not necessarily carry out a search for consistency. The decision confirmation process is not exclusive to the satisficing decision maker.

The Satisficing Decision Maker Is Best Characterised as Someone Who