__________ is an unconscious process created out of distilled experience.
A)Satisficing
B)Intuitive decision making
C)Bounded rationality
D)Optimising decision making

Question

Quizplus · Accepted Answer

Intuitive decision making is an unconscious process that relies on distilled experience and can, therefore, be considered the best choice. Satisficing is a decision-making strategy based on selecting the first acceptable option rather than seeking to optimize the outcome, while bounded rationality is a limitation on the ability to make fully rational decisions due to constraints such as time or information. Optimizing decision-making seeks to choose the best option among all possible alternatives through a systematic evaluation of each one.

__________ Is an Unconscious Process Created Out of Distilled Experience